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The Economic Times
The Economic Times
Business
Akash Podishetti

Vahh Chemicals shares list at 17% premium over IPO price on BSE SME platform

IPO

Shares of Vahh Chemicals made a strong debut on the BSE SME platform on Thursday, June 11, listing at a premium of nearly 17% over the IPO price. The stock opened at Rs 70 apiece, up 16.6% from its issue price of Rs 60.

The listing was broadly in line with grey market expectations, which had indicated a modest premium. The stock was commanding a grey market premium (GMP) of around 5% ahead of listing, suggesting a gain of about Rs 3 per share.

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