India, July 19 -- Update | July 19, 12:40

Days after the Securities Appellate Tribunal (SAT) dismissed its plea seeking a stay on Smartworks' IPO, NGO Infrastructure Watchdog has moved the Supreme Court.

In an exchange filing, the recently listed coworking space provider said that the NGO moved the apex court against the SAT order shortly after the decision was pronounced on July 16.

At SAT, Infrastructure Watchdog had sought an interim order asking to maintain the status quo on the IPO.

After SAT dismissed the appeal, shares of Smartworks listed on the BSE and the NSE on July 17 at a premium of 7% to the issue price. The company's shares rose 5% from the listing price to end the week at INR 458.30 on the BSE.

Original | July 16, 15:...