New Delhi, Aug. 1 -- Shree Refrigerations IPO listing: The shares of Shree Refrigerations were off to a solid start, as they listed at a premium of Rs.44.85 or 35.88% at Rs.169.85 per share on the BSE SME on Friday, August 1, over their issue price of Rs.125.

The listing, though solid, was still lower than the grey market premium (GMP) of Rs.70 the company was commanding ahead of the stock market debut.

However, following its debut, Shree Refrigerations share price declined as much as 4.59% to Rs.162.05 apiece.

The SME IPO of Shree Refrigerations was open for subscription from July 25 to July 29, garnering a massive 187.55 times bids for the shares on offer. The retail portion of the IPO was booked 195.05 times, the non-institutional i...