New Delhi, July 7 -- Seemax Resources share price made a muted debut in the Indian stock market today, July 7, as it got listed at Rs.112.80 apiece on BSE SME, a discount of 20% over its initial public offering (IPO) price of Rs.141.

The listing underperformed Street expectations, as seen from the grey market premium (GMP). Seemax Resources IPO GMP stood at Rs.0 per share, which indicated a likely listing price of Rs.141, same as offer price.

The SME IPO was subscribed 3.60 times in 3 days of bidding.

The Retail Individual Investors (RIIs) segment was booked 1.49 times, while the Non Institutional Investors (NII) category was subscribed 4.08 times. The Qualified Institutional Buyers (QIBs) category received 17.19 times subscription.

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