Vijaya Diagnostic Centre IPO lists at small premium but builds on

Vijaya Diagnostic Centre had a tepid listing on 14 September as it listed at a premium of 1.7%; much better than the discount listing indicated by the GMP. More importantly, Vijaya not only held on to the gains but also built on it. Vijaya Diagnostic Centre listed at a small premium and traded through the day in a range of Rs.100. The stock closed the day, well above the listing price. With overall subscription of over 4.54X, listing response was much better than the indications given by the subscription levels.

Here is the Vijaya Diagnostic Centre listing story on 14 September

The IPO price was fixed at the upper end of the band at Rs.531 after the 4.54X subscription. On 14 Sep, the stock of Vijaya Diagnostic Centre listed on the NSE at a price of Rs.540, a premium of 1.7% over the issue price. On the BSE, the stock listed at a price of Rs.542.30, a listing premium of 2.13%.

On the NSE, Vijaya Diagnostic Centre closed at Rs.617, a first day closing premium of an impressive 16.2% on the issue price. On the BSE, the stock closed at Rs.619.30, a first day closing premium of 16.63% on the issue price.

On Day-1 of listing, Vijaya Diagnostic Centre touched a high of Rs.648 on the NSE and a low of Rs.532.50. On Day-1, the Vijaya Diagnostic Centre stock traded a total of 221.95 lakh shares on NSE amounting to value of Rs.1,303.66 crore. On Day-1, Vijaya Diagnostic Centre was the fourth most liquid stock on the NSE by trading value.

On the BSE, Vijaya Diagnostic Centre touched a high of Rs.650.75 and a low of Rs.533.65. On BSE, the stock traded a total of 15.49 lakh shares amounting to value of Rs.92.12 crore. At the close of Day-1, Vijaya Diagnostic Centre had a market capitalization of Rs.6,315 crore with free-float market cap of jus