Forcas Studio’s shares debuted at Rs 152 on NSE SME, indicating a 90% premium over the issue price’s upper band of R 80.
The SME IPO, valued at Rs 37.44 crore was available for subscription from August 19 to August 21, 2024, with a price range of Rs 77 to 80.
With 46.8 lakh fresh issue shares, the offering was a whole new issue without an offer-for-sale component. The IPO attracted significant interest, with a total subscription rate of 416.99 times.
According to Chittorgarh, retail investors also showed good interest, with a subscription rate of 415 times, while non-institutional investors were particularly active, subscribing 701.85 times.
