Ganesh Infraworld had a remarkable debut on the NSE Emerge platform, with its shares opening at a significant premium of 90% over the IPO price. The opening price was Rs 157.7, which was much higher than the issue price of Rs 83.
The IPO had a strong subscription rate of nearly 370 times for the Rs 98 crore SME issue, indicating strong investor interest and confidence in the company. The price band for the IPO was set between Rs 78 and Rs 83 per share.
This successful listing highlights the increasing attention that SME issues are receiving in the market.