The NSE IPO received a strong response from investors. Against the 8.86 crore shares offered, bids were received for around 50.40 crore shares.
The NSE IPO closes for bidding on September 21. The exchange has set a price band of ₹1,700-1,785 per share.
Manika Plastech shares listed flat at ₹43 on both BSE and NSE. The issue was subscribed 28.14 times.
The NSE opened for subscription on Thursday and will remain open till Monday, September 21. The exchange has set a price band of ₹1,700-1,785 per share.
Veegaland Developers share price: Ahead of the stock market debut, Veegaland Developers' IPO GMP was ₹8 or 5.71 per cent.
The NSE IPO opened for subscription today (September 17) and will remain open till Monday (September 21). The exchange has set a price band of ₹1,700-1,785 per share.
Sonaselection India IPO is a book-built issue worth ₹141.57 crore. The issue comprises an entirely fresh issue of 1.43 crore equity shares.
Asset Reconstruction shares were trading at ₹151 in the unofficial market, a premium of ₹12, or 8.63 per cent, ahead of the listing today.
NSE IPO subscription status, GMP today: NSE has set a price band of ₹1,700-1,785 per share, with a face value of ₹ 1. In the grey market, NSE shares are trading at a premium of up to 9 per cent.
Rentomojo shares listed 18.81 per cent higher at ₹480 on BSE and 19.42 per cent higher at ₹482 on NSE.
LCC Projects shares listed 31.4 per cent higher at ₹191 on BSE and 29.45 per cent higher at ₹189 on NSE.
Analysts said that NSE's rich valuation is justified by its strong leadership position, supported by aliquid marketplace & powerful network effects arising from the country's structural market growth.
Among the six IPOs listing on Thursday, LCC Projects has the highest GMP at ₹46.
SS Retail IPO: Brokerages took note of the company's strong positioning in Tier II & Tier III markets along with its sectoral leadership; however, they flagged the steep valuations.
Master Trust highlighted the company's long operating history, dealer network and exposure to rising domestic and export demand, while Swastika Securities assigned a 'Subscribe' rating.
Prasol Chemicals shares listed 9.62 per cent lower at ₹611 on BSE and 9.76 per cent lower at ₹610 on NSE.
Kanohar Electricals IPO commanded a 36 per cent GMP and led against Glass Wall Systems and Prasol Chemicals.
The IPO is proposed to list on September 24 and the issue's price band is set between ₹1,700-₹1,785 per share
Pranav Constructions shares listed 30 per cent higher at ₹162 on BSE and 33 per cent higher at ₹165 on NSE.
Manika Plastech IPO is a book build issue of ₹125.50 crores. The issue is a combination of fresh issue of 2.15 crore shares and offer for sale of 76.74 lakh shares.