SME IPO listing: Hemant Surgical Industries share price rises 100% on market debut; should you buy or hold?
Hemant Surgical Industries' stock soared 100% on its market debut on BSE, listing at a premium of 90% against the SME IPO issue price. The company's stock closed at ₹179.55 ($2.41), up 99.5% from ₹90 per share. Hemant Surgical's market cap is around Rs1.87bn.
Medical equipments manufacturer, Hemant Surgical Industries on its market debut skyrocketed by 100% on BSE. The company's stock is listed at a premium of 90% against the SME IPO issue price. The company launched its public offer last month on BSE under SME category. The IPO had received oversubscription with strong demand from non-institutional and retail investors.
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