The stock closed at ₹482.70 on the NSE, a 46.27% premium to its issue price. About 185.8 million shares were traded on the first day.
The ₹755-crore initial public offer of the precision bearing cages maker was subscribed 74.7 times earlier this month. The IPO remained open for subscription between September 14 and September 16. The company sold its shares for ₹314-330 apiece.
The company raised ₹226 crore from anchor investors ahead of the IPO by selling 6.84 million shares at ₹330 per share.
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