VL Infraprojects share price made a strong start in the Indian stock market on Tuesday, with the company trading at a significant premium. VL Infraprojects shares were listed on NSE SME for Rs 79.80 per share, up 90% from the issue price of ₹42.00.
The IPO listing for VL Infraprojects surpassed street estimates. Today’s VL Infraprojects IPO GMP revealed a listing with a premium of over 140%. However, because the NSE put a 90% price control cap on the SME IPO issue price during the pre-opening session, VL Infraprojects’ IPO listing was at a 90% premium.
VL Infraprojects’ initial public offering (IPO) opened for subscription on July 23 and ended on July 25. The IPO listing date is today, July 30, and the IPO allotment was finalized on July 26. The equity shares of VL Infraprojects, an SME IPO, are listed on the NSE Emerge platform.
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.