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The Economic Times

Business

Ritesh Presswala

Shree Balaji (Mala) Textiles debuts at a 90% premium on the BSE SME platform

GMP BSE Grey Market Premium IPO Stock Market

Shree Balaji (Mala) Textiles made a stellar market debut on Wednesday, listing at Rs 133 per share on the BSE SME platform, a 90% premium over its issue price of Rs 70. The SME IPO, which was open for subscription from July 22 to July 24, received an overwhelming response, with the issue being subscribed 186.34 times overall.

The retail investor segment led the demand with 228.24 times subscription, followed by 185.23 times in the non-institutional investor (NII) category and 113.55 times in the qualified institutional buyer (QIB) portion.

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