EAAA India Alternatives shares made a positive debut on the stock exchanges on October 2, listing at a premium of around 1 percent over the company's initial public offering (IPO) price.
The stock listed at Rs 1,675.50 on the National Stock Exchange (NSE), a premium of 0.63 percent over the issue price of Rs 1,665 per share. On the BSE, the shares debuted at Rs 1,673, up 0.48 percent from the IPO price.
Following the listing, the company's market capitalisation stood at around Rs 10,816.82 crore.
The listing came in below grey market expectations. The grey market premium (GMP) had indicated a potential listing gain of around 3 percent ahead of the debut on November 2, according to IPO tracking platform Investorgain.
The Rs 1,200-crore IPO of EAAA India Alternatives received an overall subscription of 5.25 times during the three-day bidding period.