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The Economic Times
The Economic Times
Business
Ritesh Presswala

Credent Connect shares make strong market debut, list at 90% premium over IPO price on NSE SME platform

IPO NSE

Shares of Credent Connect N Care made a blockbuster market debut on Thursday, listing at a 90% premium over the IPO price. The stock opened at Rs 359 apiece on the NSE SME platform, up 89.9% from the issue price of Rs 189.

The listing surpassed unlisted market expectations, which had indicated potential listing gains of around 49%. Ahead of the debut, the company’s shares commanded a grey market premium (GMP) of Rs 92, or around 49%, over the issue price of Rs 189 per share.

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