New Delhi, July 23 -- Sotefin Bharat share price made a positive debut on the BSE SME on Thursday, 23 July, and extended gains to hit its upper circuit despite weak market sentiment.

The SME stock opened at Rs.205, up 9.6% from the issue price of Rs.187, and jumped further to hit the 5% upper price band of Rs.215.25. Around 10:30 AM, the stock was locked at its upper circuit, which is 15% up from the issue price, while equity benchmark Sensex was 109 points, or 0.14%, down at 76,646.

The listing of Sotefin Bharat shares exceeded grey-market expectations, with the last grey-market premium (GMP) at Rs.2.50, suggesting the stock could list at Rs.189.50, a premium of 1.34% over the issue price.

Sotefin Bharat IPO opened for public subscrip...