Shares of Venus Pipes and Tubes made a positive debut on BSE today with the stock rising to ₹351 as compared to issue price of ₹326.
The IPO or initial public offer of Venus Pipes and Tubes was subscribed 16.31 times.
The retail portion saw good demand and was subscribed 19.04 times.
The portion for non-institutional investors received 15.69 times subscription and Qualified Institutional Buyers (QIBs) 12.02 times.
Prior to the IPO, Venus Pipes and Tubes had collected over ₹49 crore from anchor investors. The IPO of 50,74,100 equity shares had a price range of ₹310-326 per share.
Elsewhere, shares of Delhivery Ltd made stock market debut on Tuesday with the stock listing at ₹495 on the NSE, a premium of nearly 2% from its IPO issue price of ₹487 per share.