Mumbai: Gravita India made a spectacular debut on the bourses today, with shares of the metal producer opening 75 percent higher than their issue price of Rs. 125 on the Bombay Stock Exchange.
Amid a volatile broader market, shares of Gravita India opened at Rs. 218.75 on the BSE, translating into a whopping 75 percent premium over the issue price.
Within minutes of the opening bell, the scrip hit an early high of Rs. 255, up 102 percent on the BSE.
The new-comer saw a similar uptrend on the National Stock Exchange, where it opened at Rs. 201.10, up 60.88 percent over the issue price.
The initial public offer of Gravita India saw robust demand from investors and was over-subscribed 41.28 times by the end of the issue.
Amid a volatile broader market, shares of Gravita India opened at Rs. 218.75 on the BSE, translating into a whopping 75 percent premium over the issue price.
Within minutes of the opening bell, the scrip hit an early high of Rs. 255, up 102 percent on the BSE.
The new-comer saw a similar uptrend on the National Stock Exchange, where it opened at Rs. 201.10, up 60.88 percent over the issue price.
The initial public offer of Gravita India saw robust demand from investors and was over-subscribed 41.28 times by the end of the issue.
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