New Delhi, July 21 -- Spunweb Nonwoven share price made strong returns for its initial public offering (IPO) investors, as the scrip listed at a whopping 57% premium on the NSE SME on Monday, July 21, and thereafter climbed to its upper price band amid strong demand from investors.

Spunweb Nonwoven share price listed at Rs.151, marking a steep 57% premium over the upper band of the offer price of Rs.96.

Spunweb Nonwoven shares, indicating strong investor confidence, gained further to an intraday high of Rs.158.55 on the NSE SME, which also happened to be the 5% upper price band for the newly-listed stock.

Spunweb Nonwoven IPO had seen strong investor confidence, as was reflected in the subscription status and grey market premium (GMP)....