Karbonsteel Engineering IPO listing: Shares of Karbonsteel Engineering debuted on the BSE SME platform on Tuesday, September 16, on a strong note. Karbonsteel Engineering share price listed at ₹185.10, up ₹26.10 or 16.42%, as against the initial public offering (IPO) price of ₹159.
Within minutes of its stock market debut, Karbonsteel Engineering shares extended gains to hit the 5% upper price band of ₹194.35.
The listing was marginally higher than the trend visible in the grey market. Ahead of the debut today, Karbonsteel Engineering’s IPO grey market premium (GMP) was ₹25, slightly lower than the listing premium of ₹26.10.
