Adroit Industries IPO Makes Strong Debut, Lists At 75% Premium On NSE

Shares of Adroit Industries Ltd. made a strong debut on the stock exchanges on Tuesday, listing at a 75.37% premium to its initial public offering price. The stock listed at Rs 235 on the NSE, compared with its issue price of Rs 134 per share. On the BSE, the shares opened at Rs 250, marking an 86.57% premium to the IPO price. The strong listing came after robust investor demand during the three-day bidding period. The Adroit Industries IPO was subscribed 176.85 times by the close of bidding on Sept. 25. The issue received bids for 1,39,22,95,200 shares, against the 78,72,900 shares on offer.