Rajputana Biodiesel Limited shares listed on the NSE SME Emerge platform with a premium of 90 percent on December 3. The SME issue was subscribed 718.81 times at close on November 28.
The shares of Rajputana Biodiesel were listed at Rs 247 per share on the NSE, a premium of 90 percent against the issue price of Rs 130.
The company's shares attracted a strong double-digit premium in the grey market. On the day of listing, the shares of the Jaipur-based company were commanding a GMP of Rs 135.
Rajputana Biodiesel IPO subscribed 646x on final day; shares attract strong GMP
The company that produces biofuels and by-products (glycerine and fatty acids) launched its public issue to raise Rs 24.70 crore at the upper price band.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
