Two mainboard issues began trading. SRIT India, a Bengaluru IT services company whose Rs 218 crore offer was subscribed 125.16 times, opened at Rs 148 on NSE against an issue price of Rs 130 (13.85% higher) and at Rs 139.80 on BSE, according to CNBC-TV18 and Upstox; Business Today gives the two exchanges the other way round. Broker Shah Investor's Home, whose Rs 90 crore issue was subscribed 38.12 times, opened at Rs 171 against Rs 167. On BSE SME, HDFC Sky reports Acme Universal Safezone 9 at Rs 101 against Rs 71 and Pind Hospitality at Rs 79.20 against Rs 99.
Why it matters for listed companies
Both mainboard openings were well short of what the unofficial grey market had implied: Business Today notes premiums pointing to 46-48% for SRIT India and 9-10% for Shah Investor's Home. That gap, in an issue subscribed 125 times, shows how weakly heavy bidding and grey-market quotes map to the first traded price. The SME results were split, with one issue 42% above and one 20% below its price on the same morning. For the companies, the money is already raised: Rs 308 crore between the two mainboard issues. Twelve more issues on the calendar list between October 7 and 9.
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show
what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.
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