Xtranet Technologies shares made their D-Street debut on Thursday, listing at a premium of up to 7% over the IPO price on the NSE and BSE. The stock opened at Rs 136 on the NSE, a 7.08% premium to the issue price of Rs 127. On the BSE, it listed at Rs 130.10, up 2.44%.
The debut fell short of grey market expectations, which had indicated a double-digit listing premium. Ahead of the listing, Xtranet Technologies was commanding a grey market premium (GMP) of around 11%, implying a listing price of about Rs 142 per share, or an estimated gain of nearly 11% over the issue price.
