Vinyas Innovative Technologies shares were listed on Friday. As soon as the listing was done, this share started making waves in the market. This stock was listed on the National Stock Exchange with 100 percent premium (Vinyas Innovative Technologies share listing).
Listing at 100 Percent Premium
The issue price of Vinyas Innovative Technologies share was Rs 165. Which came to Rs 330 after 100 percent premium. This stock was opened for subscription on Wednesday, 27th September, which closed on 3rd October. Its price band was fixed at Rs 162 to Rs 165. Its lot size in the IPO was kept at 800 equity shares.
Got Tremendous Response From Customers
This issue of Vinyas Innovative Technology received tremendous response from the customers. The subscription status of this stock was fixed at 43.24 times on the fourth day. In this, the share for non-institutional investors was fixed at 95.16 times. In this, QIB booking was fixed at 42.74 times. The company had received bids for 952,62,400 shares through offer for sale. Which was against 22,03,200 shares.
23 Percent Subscription on First Day
When this stock was open for subscription (Vinyas Innovative Technologies share), 23 percent was subscribed on the first day and 37 percent on the second day. If we talk about subscription on the third day, it was recorded 3.19 times.
What does this company do?
This company provides services in the electronic industry. It provides electronics, engineering and design services to original design manufacturers and global original equipment manufacturing companies. If you also want to invest in this stock then it can prove to be a profitable deal for you.