Karbonsteel Engineering IPO listing: Shares of Karbonsteel Engineering debuted on the BSE SME platform on Tuesday, September 16, on a strong note. Karbonsteel Engineering share price listed at ₹185.10, up ₹26.10 or 16.42%, as against the initial public offering (IPO) price of ₹159.
Within minutes of its stock market debut, Karbonsteel Engineering shares extended gains to hit the 5% upper price band of ₹194.35.
The listing was marginally higher than the trend visible in the grey market. Ahead of the debut today, Karbonsteel Engineering’s IPO grey market premium (GMP) was ₹25, slightly lower than the listing premium of ₹26.10.
Karbonsteel Engineering IPO Details
The demand for Karbonsteel Engineering IPO was also strong, with the issue garnering 76.59 times bids. The qualified institutional buyers (QIBs) quota was booked 121.61 times, the non-institutional investors (NIIs) portion was subscribed 85.99 times, while the retail part received 46.84 times bids.
Overall, the issue saw bids for 18,99,95,200 shares as against 24,80,800 shares on offer.
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