The IPO market on Wednesday witnessed a mixed trend as mainboard IPOs — Anlon Healthcare and Vikran Engineering shares — delivered muted listings, while SME offerings Sattva Engineering Construction (SME) and Current Infraprojects debuted with strong gains.
Vikran Engineering stock made a modest debut wtih 2-2.8 per cent gains on the NSE and BSE at ₹99 and ₹99.70, respectively. At 10.38 am, the stock rose over 2 per cent to ₹101.23. The company’s ₹772-crore IPO garnered overall subscription of 23.59 times at a price band of ₹92-97 per share.
Shivani Nyati, Head of Wealth at Swastika Investmart, advised investors to hold their holdings with a stop-loss near ₹89 to safeguard against volatility, as execution of the strong order pipeline could drive medium-term upside.
Anlon Healthcare shares saw a lacklustre listing. It debuted at 1 per cent premium of ₹92 on the NSE and flat at ₹91 on the BSE. The ₹121 crore IPO was subscribed 7.12 times on the closing day and had a price band of ₹86-91 per share.
Among SME listings on the NSE Emerge platform, Sattva Engineering traded at its upper circuit at ₹99.85 after listing at ₹95.10 against the issue price of ₹75 per share. The ₹35.38 crore IPO wasa booked 198 times on the closing day.
Current Infraprojects stock declined after a stellar debut at over 90 per cent premium. The stock debuted at ₹152 against the IPO price of ₹80 on the NSE Emerge platform. At 10.44 am, it declined by 4 per cent to ₹146. The ₹42 cr issue was subscribed 379 times.