New Delhi, May 29 -- Autofurnish share price made a strong debut in the Indian stock market today, 29 May. Autofurnish share price was listed on Friday at Rs.43 apiece on BSE SME, a premium of 4.8% from its issue price of Rs.41.

The IPO outperformed Street expectations, as seen from the grey market premium (GMP). The GMP for the IPO stood at Rs.0 per share, which indicated a likely listing price of Rs.41 - same as IPO price.

Autofurnish IPO witnessed decent subscription in the 3 days of bidding. The SME IPO was subscribed 1.21x by end of Day 3. The retail portion was subscribed 1.17x, and NII portion was also booked 1.17x.

The company has received bids for 40.80 lakh shares against 33.81 shares on offer.

The SME IPO opened on 21 May a...