VL Infraprojects’ shares debuted on the NSE SME platform with a 90% premium, listing at Rs 79.8 versus an issue price of Rs 42. The stock had a GMP of around Rs 60 pre-listing. The IPO, involving a fresh equity sale of 44.1 lakh shares, was oversubscribed by over 600 times, driven by strong retail and NII interest. Net proceeds will fund working capital and general corporate purposes.
Any big market correction unlikely; large pool of foreign money waiting on sidelines: Mahesh Nandurkar
We got investor participation from 20 different countries, which is the widest participation that we have ever received. So that goes to show the foreign