Naturewings Holidays shares made a strong stock market debut on Tuesday, 10 September after bumper subscription of nearly 382 times to its initial public offering between September 3-5, 2024.
Naturewings Holidays shares got listed at Rs 95 apiece on the BSE SME, a healthy premium of 28.38 percent against the bid price of Rs 74 per share.
The IPO with a issue size of Rs 7.03 crore had a bid price of Rs 74 with a lot size of 1600 shares. The allotment of shares was finalized on Friday, September 6.
The IPO comprised a fresh equity issue of 9.5 lakh shares. In the unlisted market, the company's shares were trading at a grey market premium (GMP) of Rs 45, reflecting a 60 percent premium over the issue price.
Naturewings Holidays is a tourism company primarily focused on destinations across the Himalayan region, covering India, Nepal, and Bhutan. It specialises in curated holiday packages for leisure travellers visiting these areas. For the fiscal year ending March 2024, the company reported total revenues of Rs 21.9 crore and a net profit of Rs 1.12 crore.
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