New Delhi, July 15 -- Shares of GLEN Industries made a stellar debut on the bourses on Tuesday, July 15, listing at Rs.157 on BSE SME, a premium of just 61.86 percent from its IPO price of Rs.97.

The SME initial public offering (IPO), with a total issue size of Rs.63.02 crore, was open for bidding from July 8 to July 10. The offering received an overwhelming response from investors, closing with a subscription of 260.28 times.

The IPO received an overwhelming response during its three-day subscription period, attracting bids for 113.78 crore shares compared to the 43.71 lakh shares on offer. The retail investor category was subscribed 225.15 times while the non-institutional investor (NII) segment witnessed 476.25 times subscription. Me...