INDIA - Rockingdeals Circular Economy Ltd made a remarkable entrance on the National Stock Exchange's Small and Medium Enterprises (NSE SME) platform today, with its shares opening at ₹300, a significant 115% increase over the initial public offering (IPO) price of ₹140. The company's stock continued to gain momentum, rising to ₹312 during the early trading hours.
The impressive debut follows an equally extraordinary show of investor confidence during the IPO subscription period from November 22 to November 24. The offering attracted an overwhelming level of interest, with the subscription rate soaring to more than three hundred times the number of shares issued.
This robust demand underscores the market's strong belief in Rockingdeals' business model and future prospects. Rockingdeals' successful listing and the substantial oversubscription signal a positive market sentiment towards the company and its alignment with the growing interest in circular economy businesses.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.