Shares of CE Info Systems (MapmyIndia NSE 28.94 %) made a strong debut on the bourses as the scrip got listed at Rs 1,581, a premium of 53 per cent, over its issue price of Rs 1,033 on BSE. On the National Stock Exchange (NSE), the counter listed at Rs 1,565.

A day ahead of its debut on the bourses, the scrip was commanding a premium of Rs 500 per share in the grey market, hurt by dampened sentiments on Dalal Street.

The Rs 1,039.61 crore IPO of MaymyIndia was open for subscription between December 9-13 and the company had fixed the price band in the range of Rs 1,000-1,033 per share.

The issue was subscribed a whopping 155 times, thanks to strong bidding from QIB and HNI investors whose portions were subscribed 196 times and 425 times, respectively. Retail quota fetched 15 times bids.

Source : Economictimes

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