Shares of Sahajanand Medical Technologies made a positive debut on the stock exchanges on October 23, listing at a premium of nearly 8 percent over the company's initial public offering (IPO) price.
The shares listed at Rs 371.15 on the National Stock Exchange (NSE), marking a premium of 7.89 percent over the issue price of Rs 344 per share. On the BSE, the stock debuted at Rs 368.05, up 6.99 percent from the IPO price.
Following the listing, Sahajanand Medical Technologies' market capitalisation stood at around Rs 3,741.11 crore.
The listing was stronger than grey market expectations. The shares were commanding a grey market premium (GMP), indicating an estimated listing gain of around 5 percent on the morning of October 23, according to Investorgain.
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