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New listings today: Around four new mainboard initial public offerings (IPOs) - Adroit Industries (India) IPO, Elevate Campuses IPO, Swastika Infra, and ArMee Infotech IPO - made their stock market debut on Wednesday, 30 September.
Adroit Industries share price made a strong debut on Dalal Street on Wednesday, September 30. The stock opened at ₹250 on the BSE, marking an 86.57% premium over its IPO price of ₹134. On the NSE, the shares began trading at ₹235, representing a 75.37% premium to the issue price.
Adroit Industries shares hit 5% upper circuit at ₹248.39 per share, after blockbuster debut.
Elevate Campuses share price made a subdued debut on the stock exchanges on Wednesday. The stock opened at ₹355.10 on the NSE, marking a 1.91% discount to its IPO price of ₹362 per share. On the BSE, the shares listed at ₹356.50, representing a 1.52% discount to the issue price.
Elevate Campuses shares fell over 3% after the listing, touching an intraday low of ₹321 per share on NSE.
The ₹2,100-crore initial public offering (IPO) received a subscription of 1.79 times during its three-day bidding window from September 23 to September 25.
Swastika Infra share price made a positive debut on the stock exchanges on Wednesday. The stock listed at ₹200 apiece on both the NSE and BSE, against its issue price of ₹185, marking an 8.11% premium on its listing.
Swastika Infra shares hit 5% upper circuit after the listing at ₹210 per share on NSE.
ArMee Infotech share price made muted debut on the stock exchanges on Wednesday. The stock listed on the NSE at ₹375, in line with its issue price. On the BSE, the shares opened at ₹368.85, reflecting a 1.64% discount to the issue price.
ArMee Infotech shares plunged over 16%, hitting an intraday low of ₹306.65 on NSE.
Its ₹300-crore initial public offering (IPO) received 2.44 times subscription over the three-day bidding period.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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