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 61.86 percent over 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 attracted 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. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 192.46 ...