New Delhi, April 7 -- SME stock Vivid Electromech listed at a mild premium of 2% over the initial public offering (IPO) price on Tuesday, April 7, surpassing the expectations as signalled by the latest grey market premium (GMP).

Vivid Electromech share price opened at Rs.565 on the NSE SME platform as against the IPO price of Rs.555, recording an upside of 1.8%. Soon after listing, Vivid Electromech shares extended the rise to hit the 5% upper price band of Rs.593.25.

Ahead of the listing, Vivid Electromech IPO GMP today was nil, suggesting that the shares could list at par with the offer price. As of 12 pm, the SME stock was trading 1.80% above the IPO price at Rs.565.

Vivid Electromech IPO received a tepid response from investors as ...