Maruti Nandan Tubes IPO has done very well in the stock market. The company’s shares are now listed at Rs 200, and investors have gained a 39 percent profit on one share.
The IPO price was Rs 143 per share, and before listing, the stock was doing well.
Right after listing, the company’s shares quickly reached the upper circuit of 5 percent within a minute.
Now, the share price is Rs 210, resulting in a 46 percent profit for investors. The company is listed on BSE SME.
A lot of investors showed interest in Shree Marutinandan Tubes IPO. It was subscribed 47.16 times overall and 59.71 times in the retail category.
In other categories, it was subscribed 32.67 times. The IPO size was Rs 14.20 crore.
The IPO was open from January 12 to January 16, 2024. The price range was set at Rs 143 per share,
and retail investors had to buy a minimum of 1000 shares, requiring an investment of at least Rs 1,43,000.
After the IPO, the promoters’ total stake in the company decreased from 82 percent to 58.30 percent.
