Shares of Signature World (India) on Wednesday listed with a top class of nearly 16 per cent in opposition to the wretchedness label of ₹385.
The stock made its debut at ₹445, up 15.58 per cent from the wretchedness label on the BSE. Later, it jumped 17.16 per cent to ₹451.10.
On the NSE, it listed at ₹444, registering a soar of 15.32 per cent.
The company commanded a market valuation of ₹6,280.83 crore.
The ₹730 crore-Initial Public Offer (IPO) of Signature World (India) used to be subscribed 11.88 times on the last day of subscription on Friday, helped by encouraging participation from institutional traders.
The total size of the IPO used to be as much as ₹730 crore, with a unusual wretchedness of shares rate as much as ₹603 crore and an Offer for Sale (OFS) of as much as ₹127 crore.
The rate band for the supply used to be ₹366-385 per portion.
Delhi-NCR-based utterly mostly Signature World—backed by HDFC Capital and IFC—had in July last yr filed the Draft Crimson Herring Prospectus (DRHP) with capital markets regulator SEBI to birth its IPO.
Signature World, which specializes within the lifelike and mid-profits housing section, had clocked ₹2,590 crore rate of gross sales bookings within the earlier fiscal.
The company commenced operations in 2014.
As of March 31, 2023, it has offered 27,965 residential and industrial units, all inside of Delhi-NCR, with an mixture saleable advise of 18.90 million square toes.