Shares of Horizon Reclaim (India) made a strong D-Street debut on Friday, listing at a 46.6% premium to its IPO price. The stock opened at Rs 151 apiece on the BSE SME platform against the issue price of Rs 103.
Although the listing fell short of unlisted market expectations, the stock delivered solid gains to IPO investors. Ahead of its debut, Horizon Reclaim (India) shares were commanding a grey market premium (GMP) of around 73%.