New Delhi, April 26 -- Faalcon Concepts Limited made a debut on the BSE SME platform on April 26 with the company's shares listed at Rs 95, marking an impressive 53.25 per cent premium over the issue price of Rs 62.
The strong listing performance exceeded grey market estimates, where Faalcon Concepts shares were trading at a 14 per cent premium.
The grey market, an unofficial ecosystem where shares trade before the official listing, serves as an indicator for investors to gauge potential listing prices.
Faalcon Concepts Limited's Rs 12.09-crore initial public offering (IPO) witnessed overwhelming demand, with the issue being subscribed 71.28 times.
Non-institutional investors displayed exceptional interest, bidding 93.27 times their...