Danish Power shares made a healthy debut on the NSE SME platform on October 29 to list with 50 percent premium. The issue had opened for public subscription on October 22 to raise about Rs 198 crore in the primary market.
The shares of the company listed at Rs 570 per share on the NSE SME at a premium of 50 percent against the offer price of Rs 380 apiece.
The maiden share by the Rajasthan-based company Danish Power was subscribed 126.65 times.
Danish Power IPO: Biggest SME issue opens for public subscription to raise Rs 198 crore
The SME (small and medium enterprise) issue of the company had fixed a price band for the maiden share at Rs 360-380 per share with a lot size of 300 shares.
The minimum investment per lot is Rs 1,08,000, while the maximum investment size is Rs 1,14,000.
The Rs 197.90 crore issue size is the biggest in the SME segment. Before Danish Power, KP Green Engineering was the largest issue with Rs 189.5-crore size, which opened in March this year, followed by Sahasra Electronics Solutions in September with Rs 186.2-crore IPO.
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