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Deepak Chemtex debuted with a nearly 90% premium at Rs 152 on BSE SME against an issue price of Rs 80. The stock then hit a high of Rs 159.6 and was locked in the upper circuit. The IPO was entirely a fresh equity issue of up to 28.8 lakh equity shares, aggregating to Rs 23.04 crore.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case.

The demand in the market for metal forgings is driven by the growth of the automotive industry and energy sectors such as oil and gas refineries and thermal power plants.

Dalal Street is gearing up for another busy week in the primary market as six small and medium enterprises (SME) IPOs to hit the primary market this week. However, Swashthik Plascon has already opened for subscription and will close this week. The Rs 31.73 crore initial public offering of Amic Forging will open for subscription on Wednesday