NSE's market capitalisation increased to ₹4.62 trillion to reach 10th position on the BSE, following a 5% rise in Thursday's debut trading session; beating HUL, Sun Pharma and Titan in ranking.
The stock listed at ₹102 on the BSE, a 3 per cent premium and on NSE the shares debuted at a premium of 3.34 per cent to the issue price.
Avantel said in an exchange filing that it won a purchase order worth ₹177.35 crore for satellite communication equipment.
NSE shares listed at ₹1800 today, up 0.84 per cent from the IPO price of ₹1,785.
Arun Kejriwal, founder of Kejriwal Research, said that NSE delivered a lacklustre listing and certainly well below expectations.
On a three-to-five-year view, NSE is the better play. It earned ₹3,122 crore in Q1FY27, over 3.5 times BSE's ₹873 crore.
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
The National Stock Exchange's ₹22,600 crore IPO was subscribed 5.7 times, but subdued retail demand and a 2-3 per cent grey-market premium point to a modest debut
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Existing shareholders Pramod Bhasin and Anil Chawla, who hold a 15 per cent stake, have mounted an employee-backed buyout for Aion Capital's 85 per cent stake, challenging Protium Finance's bid
Sebi chairman says banks and capital markets are complementary, while the regulator looks at margins and longer-term products to make derivatives trading more balanced
MSE will admit NSE shares under the 'permitted to trade' category from September 24, a move industry experts say could help bring additional volumes to the exchange
Nifty 50 hits two-week high as crude softens on US-Iran diplomacy hopes
Volume recovery, port capacity expansion and diversification into logistics and marine services could support growth, stock trades at around 23 times FY28 earning
Markets regulator will also review ICDR norms, including price bands and advertising requirements, as it seeks to simplify processes and lower public issue costs
The initial public offering of Hero Motors received bids for 58.97 crore shares as against 8.86 crore shares on offer. The issue was subscribed 6.66 times.
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.7 per cent and 0.89 per cent, respectively
Manipal Payment bounced back 26% from its listing day low, while Asset Reconstruction Company (India) recovered 23% on the BSE.
Analysts flag that over the years the market closed the valuation gap built for double-digit growth in these FMCG stocks, as earnings remained muted owing to tepid volume growth and high inflation.