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Vruddhi Engineering Works debuts at 1.4% premium over IPO price on BSE SME platform. There was no GMP pre-debut. The company's IPO was oversubscribed 12 times.
Ahead of its listing, SRM Contactors the company was commanding a premium of Rs 70 per share in the unofficial market, suggesting a listing pop of 33 per cent for the investors.
The shares of Blue Pebble debuted on the NSE SME platform with a premium of 18.45%. The stock was listed at Rs 199 apiece, compared with an offer price of Rs 168.
The allotment for the SME IPO of Vijay Kedia-backed TAC Infosec, which has seen overwhelming response, will be finalised on Wednesday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Analysts said the strong overall subscription of 86.57 times for the IPO also added to the surprise of the flat listing. Keeping aside the listing gains, analysts see a compelling proposition for investors with a long-term perspective.