The bumper listing was on expected lines, given the overwhelming response to public issue and the hefty grey market premium.
AU Small Finance Bank touched an intraday high of Rs 540 and low of Rs 523.70.
Experts feel the stock price is expected to open over Rs 400, given the overwhelming response to the public issue and indication from the grey market premium that is around Rs 75-80.
The stock had a tepid listing as it opened with a loss of more than 1 percent against issue price of Rs 170 on the National Stock Exchange.
The listing price was on expected lines due to tepid response to its public issue and the grey market also indicated gains of Rs 3-5 on debut.
Experts feel the listing price is likely to be around its issue price, given the tepid response to the public issue and grey market premium of around of Rs 2-4 over the IPO price.
CDSL touched an intraday high of Rs 269.95 (up 81.17 percent) but did not fall below its pre-opening price of Rs 250.
According to sources, the grey market premium for the stock is around Rs 90-100, which indicated that the listing may be around Rs 225-250 per share.
The bumper listing was on expected lines as the issue has overwhelming response, oversubscribing 170 times. The grey market premium also indicated the strong listing.
The stock closed at Rs 601.05, down Rs 1.95 (-0.32 percent) on the BSE.
The stock touched a high of Rs 628 (up 4.14 percent) and low of Rs 605.60 in early trade.
Eris Lifesciences has fixed issue price at higher end of price band of Rs 600-603 per share.
AU Small Finance Bank Limited has finalised the allocation of 1.57 crore equity shares worth Rs 563 crore to 34 anchor investors at Rs 358 apiece
Shares of the company closed at Rs 263.30, up Rs 6.30, or 2.45 percent on the BSE.
Tejas Networks has opened at Rs 257.70 on the National Stock Exchange, up only 0.27 percent from its issue price of Rs 257.
The company raised nearly Rs 777 crore through the issue; of which it raised Rs 350 crore from anchor investors on June 13.
The IPO received bids for 18,03,065 shares against the total issue size of 1,71,12,005 shares, as per data available with the National Stock Exchange till 1700 hours.
The company, which last month concluded its Rs 2,250 crore initial public offering, commands a market valuation of Rs 2,660.12 crore.
India Grid Trust fell as much as 6.3 percent in early trade to Rs 93.70 amid consolidation in the market.
The stock closed at Rs 199.5, down from Rs 210 on the NSE.
Construction firm PSP Projects share price opened at Rs 195 on the National Stock Exchange, down 7 percent compared with issue price of Rs 210.
The stellar listing followed the successful subscription of the IPO, which was oversubscribed almost 80 times, with bids of Rs 97,000 crore
In an interview to CNBC-TV18, Teena Virmani, VP-PCG Research at Kotak Securities spoke about the new listing IRB InvIT.
The fund had successfully closed its IPO earlier this month, with the issue being oversubscribed 8.57 times