New Delhi, Dec. 30 -- Shares of Shyam Dhani made a blockbuster debut in the Indian stock market on Tuesday, December 30, as they listed at a 90% premium over the initial public offering price (IPO) of Rs.70 on the NSE SME platform.

Shyam Dhani share price opened at Rs.133 on NSE SME, up 90%. The stock jumped another 1% to Rs.136 immediately after listing.

The listing of Shyam Dhani shares was in line with the grey market trend. Ahead of the debut, the shares of Shyam Dhani IPO were commanding a strong grey market premium (GMP) of Rs.68.

The Rs.38.49-crore public issue witnessed an extraordinary overall subscription of 988.29 times, driven by overwhelming interest from non-institutional investors, whose segment was subscribed a whopping...