The stock listed at Rs 110.75, a gain of 7.52 per cent over the issue price, on BSE.
On NSE, it debuted at Rs 111, up 7.76 per cent from the issue price.
The stock was later trading at Rs 108.35.
The Rs 425-crore initial share sale of Sadbhav Infrastructure Project was subscribed 2.24 times earlier this month.
The bidding for the IPO began on August 31 and ended on September 2. The price band was fixed at Rs 100-103 per share.
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