Analysts had expected the stock to return 80-90 percent in the long term, but it was achieved on the debut day itself. They, however, feel that the stock will give consistent returns in the long run.
Sterling traded with volume of 3.09 lakh shares on the BSE and 45.99 lakh shares on the NSE.
On the BSE, the stock started off trade at Rs 700, down more than 10 percent against issue price.
On the National Stock Exchange, it fell 0.14 percent to close at Rs 854.75 against issue price.
Prashanth Tapse, AVP Research at Mehta Equities, said accumulating more should be investors' strategy
The stock opened at Rs 825 on the National Stock Exchange, against issue price Rs 856
The company's market valuation was at Rs 2,231.19 crore on the BSE.
The IPO, which was opened during July 29-31, was subscribed 86.49 times on strong response from across investors categories.
On the BSE, the share gained 33.87 percent to end at Rs 1,302.55 after hitting an intraday high of Rs 1,339
Analysts who are bullish on the stock already achieved their targets but still advising a hold for long term
The stock opened at Rs 1,180 on the National Stock Exchange, rising 21.2 percent over final issue price of Rs 973
At closing price, Neogen's market capitalisation stood at 614.98 crore
Thanks to the heavy buying, the stock was locked at 5 percent upper circuit
The issue price is fixed at higher end of price band of Rs 212-215 per share.
Polycab's market valuation on closing was at Rs 9,736.31 crore on the BSE.
The Rs 1,345-crore public issue saw a massive subscription of 51.96 times during April 5-9, 2019
Metropolis Healthcare's market valuation was at Rs 4,814.90 crore on the BSE
The stock opened with a 9 percent premium over its issue price of Rs 880 while on the National Stock Exchange it opened at Rs 958.
RVNL's Rs 480 crore initial public offer was opened for subscription earlier this month with a price band at Rs 17-19 per share and was subscribed 1.8 times.
The company raised about Rs 480 crore by selling 12.12 percent stake
Following the success of the Embassy REIT listing, we may witness at least 1 or 2 more listings over the next year or so, Sharad Mittal said.
The Rs 4,750 crore public issue, which opened for subscription during March 18-20, was subscribed 2.57 times at the end of the three-day bidding process.
The stock opened at Rs 115 on the National Stock Exchange, 4% lower than the issue price of Rs 120 while on BSE, it started the trade at Rs 111, a discount of 7.5%
The initial public offering of Chalet Hotels, which owns, develops and manages high-end hotels in key metro cities in India, was subscribed 1.57 times on the last day of bidding on Thursday.
Meanwhile, on the National Stock Exchange (NSE), the scrip ended at Rs 102.65, marginally higher than its listing price of Rs 102.50.