Considering the prevailing market scenario, experts expect a soft listing between +/- 5 percent to the offer price but they advise investors to look at the stock for long term only.
Alkem has seen a topline growth of 22.3 percent over the last 5 years with strong growth of about 17.5 percent in domestic market and 45.5 percent in the international market. The first six months performance of this year is also in line with historical trends, says the company's CEO Prabhat Agrawal.
Shares of Just Dial closed at Rs 611.45, up by 15 percent on Wednesday. It was listed at Rs 590 on the BSE on Wednesday; 11 percent over its issue price of Rs 530 apiece.
Shares of Just Dial listed at Rs 590 on Bombay Stock Exchange, up 11 percent over its issue price of Rs 530 a share on today.
It is the first big ticket IPO of 2012 and today, India's leading commodity exchange – the MCX will list its shares expectedly at a premium on the bourses.