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Shares of Shyam Metalics and Energy on Thursday made a remarkable debut on the bourses, listing with a premium of over 24 per cent against the issue price of ₹306.
It listed at ₹367, recording a gain of 19.93 per cent from the issue price on the BSE. Shares of the company then touched a high of ₹399.10, reflecting a jump of 30.42 per cent.
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At the NSE, it debuted at ₹380, with a premium of 24.18 per cent.
Last week, the initial public offering of Shyam Metalics and Energy closed with a subscription of 121.40 times.
The price range for the offer was at ₹303-306 per share.
The Kolkata-based long-steel products and ferro alloy-focussed company sells intermediate and final products across the steel value chain.
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