It has been more than 20 months, or 609 days, since the mainboard segment of India’s IPO market last saw a stock deliver a listing-day gain of more than 100%. That long dry spell is finally over.
Tempsens Instruments’ Rs 650 crore IPO made a bumper debut, listing at Rs 634, a massive premium of 111.3% over its issue price of Rs 300 per share.