Anondita Medicare IPO listing: Shares debut at 90% premium over IPO price on NSE SME

Anondita Medicare IPO listing: Shares of Anondita Medicare listed at a stellar 90% premium over their initial offering price on the NSE SME platform on Monday, September 1. Anondita Medicare's share price listed at ₹275.50, up 90% over its public offer price of ₹145.

The listing exceeded expectations as the grey market premium (GMP) for Anondita Medicare was ₹89 ahead of the initial public offering (IPO). At this rate, Anondita Medicare IPO listing price was expected to be around ₹234, up 61%.

Anondita Medicare IPO also garnered stellar bids from investors, closing with 300.89 times susbcription at the end of the three-day bidding process.

More to come...

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