EverestIMS Tech launches on Bombay Stock Exchange, shares surge 48% above issue price in successful SME debut
EverestIMS Tech has made a strong debut on the Bombay Stock Exchange as a Small and Medium Enterprise (SME). The company's initial public offering (IPO) was met with robust market response, with shares trading at a 48% premium to the offer price during the market debut.
Analysts and investors highlighted the successful launch as a notable moment for the BSE SME segment. The premium listing reflects strong demand and confidence in the company's prospects following its recent IPO.
Adroit Industries shares opened at ₹250, soaring 86.57% above issue price on BSE and 75.37% on NSE.
Orion180 Insurance announced its IPO pricing, offering 20 million shares at $12 each, targeting a $240 million raise.
Asian equity markets rallied sharply as technology stocks surged following robust U.S. employment data that reignited hopes for global economic growth.
The National Stock Exchange announced its IPO price band of Rs 1,700‑1,785 per share, an 8‑share lot size and a Rs 14,280 minimum retail investment, with the issue slated to open on September 17.