New Delhi, Sept. 12 -- Shares of Vigor Plast India listed at Rs.85 on the NSE SME platform on Friday, September 12, a premium of 4.94% as against its initial public offering (IPO) price of Rs.81 apiece.

Soon after listing, Vigor Plast India shares extended gains to the day's high of Rs.89, translating into a nearly 10% upside over the issue price.

The IPO of Vigor Plast India had seen a decent demand during the bidding period, closing with 3.88 times subscription. The retail portion was booked 2.49 times, the non-institutional investor (NII) quota was subscribed 7.03 times, and the qualified institutional buyer (QIB) segment saw 3.94 times bids.

Vigor Plast IPO, worth Rs.25.10 crore, was a combination of fresh issue of 0.25 crore share...