Adroit Industries lists 75.37% above its ₹134 issue price on NSE and closes up 85.37%

What happened

• Adroit Industries listed at ₹235 on NSE, 75.37% above the issue price, and at ₹250 on BSE, 86.57% above it.
• The IPO was subscribed 176.85 times.
• The stock closed at ₹248.39 on NSE, 85.37% above the ₹134 issue price.
• Three other IPOs listed the same day: Swastika Infra at ₹200 (8.11% above issue), Elevate Campuses at ₹355.10 on NSE (1.91% below) and ArMee Infotech at ₹375 on NSE (flat).

Why it matters

Good to know: The change shown on this card is measured from the issue price, since the stock had no earlier trading close.

Key facts

Issue price

₹134

Listing price

₹235 NSE / ₹250 BSE

Subscription

176.85 times

NSE close

₹248.39

Read the source

• 4 IPO listings today: Adroit lists with a solid debut; Swastika Infra up; Elevate, ArMee disappointBusinessToday
• Adroit Industries shares list 75% above IPO price on NSEUpstox