New Delhi, Jan. 18 -- New Swan Multitech IPO Listing: New Swan Multitech shares made a stellar stock market debut on Thursday as the stock was listed at a 90% premium to the IPO price. New Swan Multitech share price opened at Rs.125.40 as compared to the issue price of Rs.66 on the BSE SME.

Soon after the listing, New Swan Multitech shares extended gains and were locked at 5% upper circuit at Rs.131.67 apiece. At this price, New Swan Multitech doubled IPO investors' money.

New Swan Multitech shares were commanding a grey market premium of 80% before listing.

The stellar listing comes on the back of strong demand for the New Swan Multitech IPO that was open from January 11 to January 15.

New Swan Multitech IPO was subscribed by a robus...