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.
Cochin Shipyard shares surge 10% on FTSE index inclusion, may see $30 mn inflows
The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date,