IndiaMART InterMESH, an online marketplace for business products and services, saw a strong listing on July 4. Hefty subscription and positive market mood supported the stock price.
The stock opened at Rs 1,180 on the National Stock Exchange, rising 21.2 percent over the final issue price of Rs 973.
It was trading at Rs 1,221.50 on the BSE, up 25.54 percent while it was quoting at Rs 1,215.50 on the National Stock Exchange, up 24.92 percent at 10:00:45 hours IST.
On volume front, IndiaMART traded with 1.25 lakh shares on the BSE and 12.7 lakh shares on NSE.
The Rs 475-crore issue was subscribed 36.16 times during the IPO period June 24-26.