Varyaa Creations Debuts With 90% Premium On BSE SME Debut
New Delhi, April 30 -- Varyaa Creations, a Mumbai-based company dealing in precious metals, stones, and jewellery, made a stellar debut on the BSE SME platform, on Tuesday.
The company's shares opened at Rs 285, marking a significant 90 per cent premium over the initial public offering (IPO) price of Rs 150.
Despite the bumper listing, Varyaa Creations' share price soon triggered the lower circuit filter, restricting further upside for the day.
The company's IPO, which opened on April 22 and closed on April 25, was a hit among investors, with the issue being subscribed 3.59 times overall.
The retail portion of the IPO witnessed robust demand, with a subscription of 6.09 times, while the non-institutional investor (NII) category was su...
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