VL Infraprojects shares list at 90% premium over issue price on NSE SME platform

July 30, 2024

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.

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