Mumbai/IBNS, June 10 -- Shares of CMR Green Technologies Ltd. made a stellar stock market debut on Wednesday, with the stock surging nearly 40 percent above its issue price on the National Stock Exchange (NSE).

On the Bombay Stock Exchange (BSE), the stock debuted at Rs. 260 per share and gained a further 34.74 percent during early trade.

The company's Rs. 631-crore initial public offering (IPO) witnessed overwhelming demand from investors.

The public issue was subscribed 127 times on the final day of bidding last Friday, reflecting strong market confidence in the company.

The IPO was priced in the range of Rs. 182-192 per share.

The strong listing performance has rewarded investors who participated in the heavily subscribed public o...