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Indian Emulsifier shares debuted on the NSE SME platform on Wednesday, opening at Rs 430, a significant premium of 225.8% compared to the issue price of Rs 132. The IPO, consisting of 32.11 lakh fresh equity shares, garnered immense investor interest, with a subscription rate exceeding 450 times at the close of the offering.
The market, in the coming truncated week, is expected to be consolidative with a positive bias.
The mainboard segment will have only one IPO, and five companies are slated for debut on the bourses, while in the SME segment, there will be three IPOs opening for subscription and four corporates making their debut
GJNX ventures backed by Gunavanthkumar Vaid, widely known for his preference for SME and small cap companies, features in the list of investors with 1.80 percent shareholding in the company at the time of filing the draft red herring prospectus.