The stock opened at Rs 260 at a premium of 18.18 per cent on the NSE.
New Delhi:
Shares of Sirma SGS Technology ended with a premium of over 42 per cent in the first trade on Friday against the issue price of Rs 220.
The stock made its debut at Rs 262 with a jump of 19.09 per cent over the issue price on BSE. It rose 42.90 per cent to Rs 314.40 during the day. Finally, it closed at Rs 313.05 with a gain of 42.29 per cent.
The stock opened at Rs 260 at a premium of 18.18 per cent on the NSE. The stock closed at Rs 312, up 41.81 per cent from the issue price.
In terms of trading volume, 54.77 lakh shares of the company were traded on BSE and over 5.99 crore shares were traded on NSE during the day.
The company posted a market valuation of Rs 5,516.85 crore on the BSE.
The initial public offer (IPO) of Sirma SGS Technology was subscribed 32.61 times on the last day of Thursday last week.
The IPO price of Rs 840 crore was in the range of Rs 209-220 per share.
Sirma SGS is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (EMS). Its clients include TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering & Business Solutions, Eureka Forbes and Total Power Europe BV.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)