New Delhi, July 28 -- Metalic Technoforge IPO listing: Shares of Metalic Technoforge debuted on a positive note on the NSE on Tuesday, 28 July, amid cautious market sentiment. Metalic Technoforge share price opened at Rs.87, up 13% from the IPO issue price of Rs.77. The SME stock pared gains and traded at Rs.83.50 around 11:30 AM, 8% higher with respect to the issue price.

As per grey market sources, the stock's listing was slightly better-than-expectations, as the last grey market premium (GMP) of Metalic Technoforge shares signalled the stock could list at an 8% premium to the issue price.

The Metalic Technoforge IPO opened for public subscription on Tuesday, 21 July, and concluded on Thursday, 23 July, with an overall subscription of...