Deem Roll Tech stock lists at 55% premium to IPO price on NSE SME
Deem Roll Tech IPO: The stock started trading at Rs 200 on the NSE SME platform against the issue price of Rs 129 per share
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Deem Roll Tech IPO: The stock started trading at Rs 200 on the NSE SME platform against the issue price of Rs 129 per share
Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.
Overall, the bulls are likely to maintain their strong hold over Dalal Street though there may be volatility and consolidation due to the monthly expiry of February futures & options contracts scheduled on February 29.
Juniper Hotels, owned by Saraf Hotels and Hyatt Hotels Corporation, will debut on the bourses on February 28, while the trading in GPT Healthcare equity shares will commence with effect from February 29.
Juniper Hotels debuts on February 28, while trading in GPT Healthcare will commence from February 29. The Rs 1,800-crore public issue by Juniper Hotels was subscribed just 2.08 times.