Shares of Zentra Group Company Limited (ZGM) plummeted 15.25% in intraday trading on Tuesday, following the announcement of its initial public offering (IPO) pricing. The significant drop reflects investors' apparent disappointment with the terms of the company's market debut.

Zentra Group revealed that it has priced its IPO at $4.00 per share, aiming to raise a total of $6 million. The pricing and size of the offering appear to have fallen short of market expectations, triggering a sell-off in the newly listed shares.

The negative market reaction suggests that investors may have concerns about Zentra Group's valuation or growth prospects. The relatively small size of the IPO, at just $6 million, could indicate limited near-term expansion plans or a lack of strong institutional interest. Additionally, the low share price might be interpreted as a sign of weak demand or conservative pricing strategy, further contributing to the stock's sharp decline on its first day of trading.