New Delhi, Dec. 31 -- Nanta Tech share price made a strong debut in the Indian stock market today, December 31. Nanta Tech share price was listed on Wednesday at Rs.234 apiece on BSE SME, a premium of 6.36% from its issue price of Rs.220.

The Nanta Tech SME IPO, however, underperformed Street expectations, as seen from the grey market premium (GMP). The GMP for the IPO stood at Rs.20 per share, which indicated a likely listing price of around Rs.240 - translating to a premium of 9% over the upper end of the issue price band.

Nanta Tech IPO witnessed strong subscription in the 3 days of bidding. It was subscribed 6.43 times by the end of Day 3. The retail portion was subscribed 2.91x, the NII portion was booked 7.03x, and the Qualified I...