Agarwal Toughened Glass shares were listed on the NSE Emerge platform on December 5, opening at a 25% premium over the IPO price.
The shares started trading at Rs 135, compared to the issue price of Rs 108.
The IPO had a strong subscription rate of nearly 10 times for the Rs 62.64 crore SME issue.
The IPO, which included a fresh issue of 57.99 lakh shares, was open for subscription from November 28 to December 2.
The actual listing performance exceeded expectations, with a solid premium of 25% instead of the anticipated 30%.
The trading volume reached 2,343,600 shares, with the stock reaching a high of Rs 141.75 and a low of Rs 130.
The market response indicates a positive reception for Agarwal Toughened Glass in the SME segment.