Aston Martin shares nearly immediately traded below their issue price of £19 and closed the day down 4.7 per cent, or 90p, at £18.10.
Eligible Aston Martin employees, customers and owners' club members based in the United Kingdom will benefit from a specific share offer.
Aston Martin, famed for making the sports vehicle driven by fictional secret agent James Bond, said it expected to close the IPO books at midday London time on Tuesday.
Owners including Italian private-equity firm Investindustrial SpA and Kuwaiti investors Adeem Investments and Primewagon were selling 27.5 percent of stock, with an over-allotment option, for an offer size of 1.19 billion pounds.
Aston Martin's IPO valuation was 20.7 times first-half earnings, according to Bloomberg data, close to the current share multiple of 21 times expected 2018 profit for Ferrari, which also has a stronger balance sheet. At the initial valuation given for the company's shares, it stands a good chance of becoming part of the FTSE 100 as the value increases.
Mercedes-Benz owner Daimler will keep its 4.9 per cent stake in the company. With interest globally, there was debate about whether the company should float its shares in London or NY.
The business has listed under new chief executive Andy Palmer, who has been spearheading a turnaround after years of it struggling to make a profit.
However, analysts have expressed concerns about the risk associated with its plans to launch a new core model every year from now until 2020.
The firm, which has gone bust seven times in its 105-year history, opened with a valuation of £4.3bn, below its initial hopes for a price tag of over £5bn.
'We are excited about the momentum across the company and are fully focused on continuing to deliver our exciting growth strategy through the Second Century Plan'.
James Bond's favourite carmaker Aston Martin stalled on Wednesday (Oct 3) after making a glitzy £4.3 billion (S$7.7 billion) debut on the London stock market.
It is the first United Kingdom carmaker to sell shares in years and has a glamorous association with James Bond films.