Sathlokhar Synergys E&C Global shares debuted strongly on the SME market today, August 6. The stock was listed for Rs 260 per share on the NSE Emerge platform, up 85.7% from its issue price of Rs 140. The Rs 92.93 crore IPO was up for subscription from July 30 to August 1 at a price range of Rs 113-140 per share.
The issue saw incredible demand in the three days of bidding. The IPO was overall subscribed 211.13 times, with investors bidding for 89.26 crore shares against 42.28 lakh on offer.
The category with the highest number of subscriptions, Non Institutional Investors, received 382.11 bids, while the Qualified Institutional Buyers quota received 171.55 bids. In the meantime, the Retail Investor sector was also heavily subscribed to 160.47 times.
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