The Essar Shipping (ESL) stock debuted at Rs 95, which is also an intraday high for the counter. The stock hit a low of Rs 29 so far during the day.

ESL includes the shipping, oilfield services and logistics businesses of Essar Group. It was separated earlier this year from Essar Shipping Ports & Logistics, which only retained its ports business and began trading as Essar Ports on the stock exchanges from 31 May 2011.

The shares of Essar Shipping Ports & Logistics were split in a way that gave its shareholders two shares of Essar Ports and one share of Essar Shipping for every three shares held in the erstwhile company.