New Delhi, July 3 -- Crazy Snacks share price made a strong debut in the Indian stock market on July 3, listing at Rs.44 apiece on the BSE SME platform, a premium of 4.7% over its issue price of Rs.42.

Following a positive listing, the stock extended gains to hit its day's high of Rs.46.20, surging 10% from its IPO price.

The listing outperformed Street expectations, as reflected by the grey market premium (GMP). Ahead of the listing, Crazy Snacks IPO GMP stood at Rs.0 per share, indicating a likely listing price of Rs.42, the same as the offer price.

The SME IPO was subscribed 1.20 times during the three-day bidding period. The Retail Individual Investors (RIIs) portion was subscribed 1.24 times, while the Non-Institutional Investors ...