Crizac IPO listing, July 9 -- Shares of Crizac made a strong debut on the bourses on Wednesday, July 9, listing at Rs.281.05 on NSE, a premium of 14.71 percent from its IPO price of Rs.245. Meanwhile, on BSE, it listed at Rs.280, up 14.29 percent from issue price.

The initial public offering (IPO), with a total issue size of Rs.860 crore, was open for bidding from July 2 to July 4. The offering received a healthy overall response from investors, closing with a subscription of 62.89 times.

During the three-day subscription window, the IPO garnered bids for 1.54 crore shares against the 2.45 crore shares available. The retail investor category led the enthusiasm, subscribing 10.74 times their allotted quota. The non-institutional investor...