New Delhi, Feb. 19 -- Voler Car shares listed flat on the NSE SME platform at Rs.90 on Wednesday, the same as their issue price. However, the stock corrected 5% after listing to Rs.85.50, hitting the lower price band.

Voler Car IPO had received a strong response from investors as the issue was subscribed 13.62 times by the end of the third day of the bidding process. The public offering had been subscribed to 13.94 times in the retail category, 9.34 times in the QIB category, and 18.56 times in the NII category.

Voler Car grey market premium or GMP also stood at +5 ahead of listing. This indicated that shares of Voler Car were trading at a premium of Rs.5 over the issue price. The same also meant that market participants were expecting ...