IndiaMART InterMESH makes strong debut; ends 34% higher against issue price

The stock rallied up to 38 per cent to Rs 1,339 in the intra-day trade on the BSE and 37.5 per cent to Rs 1,338 on the NSE.

Shares of IndiaMART InterMESH (IML) made a strong debut on the bourses, by ending at Rs 1,303, up 34 per cent against its issue price of Rs 973 apiece on the BSE. The stock opened at Rs 1,180, a 21 per cent higher against the issue price on the National Stock Exchange (NSE) and BSE.

Post listing, the stock rallied up to 38 per cent to Rs 1,339 on the BSE and 37.5 per cent to Rs 1,338 on the NSE. A combined 8.25 million shares changed hands on the BSE and NSE on first day of listing.