Shares of chemical manufacturer Fine Organic Industries jumped 4 per cent over the issue price of Rs 783.
The scrip got listed at Rs 815, reflecting a gain of 4 per cent over the issue price on the BSE. It later soared 5.10 per cent to Rs 823. On the NSE, shares of the company got listed at Rs 815.
Its market valuation stood at Rs 2,484.07 crore. In terms of equity volume, 6.33 lakh shares of the company were traded on the BSE and over 40 lakh shares changed hands on the NSE in the morning trade.
Fine Organic IPO was open during June 20-22. Price band for the offer was fixed at Rs 780-783 per share. Fine Organic Industries initial public offer was subscribed nearly 9 times.