The stock opened at ₹1,535 as against the issue price of ₹1,352 per share.
On the BSE, the stock got listed at ₹1,510. This was a premium of 11.7% to the issue price.
At 10:10 IST, the stock was trading at ₹1581.6 on the BSE and ₹1,581.4 on the NSE.
Deeptech company SEDEMAC’s shares made a positive debut on the bourses today, listing at a premium of 13.5% to the issue price on the NSE. The stock opened at ₹1,535 as against the issue price of ₹1,352 per share.
On the BSE, the stock got listed at ₹1,510. This was a premium of 11.7% to the issue price.
At 10:10 IST, the stock was trading at ₹1581.6 on the BSE and ₹1,581.4 on the NSE. The company’s market capitalisation stood at ₹6,979.5 Cr (about $759 Mn).
The IPO valued REASON at about ₹5,970 Cr (about $657 Mn) at the upper end of the price band of ₹1,287 to ₹1.352 per share.
The IPO only comprised an offer-for-sale (OFS) component of 80.43 Lakh shares, helping early investors net a cumulative ₹1,087 Cr from the issue. The public issue was oversubscribed 2.68X, getting bids for 1.51 Cr shares against 56.32 Lakh shares on offer.
(The story will be updated soon)
Comments are closed.