New Delhi, March 30 -- Speciality Medicines IPO Listing: Shares of Speciality Medicines, a pharma company, listed on the BSE SME platform at par with the initial public offering (IPO) price of Rs.124 on Monday, March 30.

Soon after listing, Speciality Medicines' share price rose to Rs.129.50, recording a 4.4% rise against the offer and listing price. The listing was in line with expectations as the grey market premium (GMP) was nil, suggesting a flattish debut for Speciality Medicines shares.

As of 10.40 am, Speciality Medicines' stock price was trading 2.42% higher at Rs.127 apiece.

The IPO of Speciality Medicines, open for bidding from March 20 to March 24, was booked 2.27 times as it garnered bids for 49,87,000 shares as against 22,...