Sunlite Recycling Industries’ stocks had an impressive debut on the stock market on Tuesday as the share was listed for ₹199.50 per share on NSE SME, which is 90% more than the issue price of ₹105 per share.
The Sunlite Recycling share listing performed better than anticipated on the street. This is due to the fact that Sunlite Recycling Industries’ shares were trading on the grey market at a premium of more than 75% prior to the listing.
The excellent listing of Sunlite Recycling shares was also due to high demand for the IPO, which was subscribed more than 280 times.
The public subscription period for Sunlite Recycling’s IPO started on August 12 and closed on August 14. The IPO allotment date was set for August 16 and the IPO listing date is today, August 20. The shares of Sunlite Recycling Industries are listed on NSE SME.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.