New Delhi, May 29 -- Q-Line Biotech shares made a strong debut on the NSE SME and extended gains further on Friday, 29 May, defying cautious market sentiment.

Q-Line Biotech's share price opened at Rs.452 on the NSE SME, up nearly 32% from its issue price of Rs.343, and rose further to Rs.460 during the session, rising more than 34% from its issue price.

Around 11:50 am, the SME stock was at Rs.447.15, up 30.36% with respect to the issue price.

The healthy listing of the stock followed Q-Line Biotech IPO's strong subscription of nearly 72 times.

Q-Line Biotech IPO was entirely a fresh issue of 62,53,200 shares. Priced at Rs.343, the book build issue aimed to raise nearly Rs.214.48 crore, which the company intends to utilise for meetin...