September 10, 2024
New Delhi, India
BSE SME
Naturewings Holidays shares made an impressive debut on the BSE SME platform on Tuesday, September 10, listing at ₹95 per share. This marks a premium of 28.38% over the IPO price of ₹74, following an overwhelming subscription of nearly 382 times during its initial public offering (IPO) held from September 3 to 5, 2024.
Key Highlights:
- IPO Details: The IPO, which had an issue size of ₹7.03 crore, was offered at a bid price of ₹74 per share with a lot size of 1,600 shares. The allotment of shares was finalized on Friday, September 6.
- Strong Market Debut: Shares listed at ₹95, representing a 28.38% premium over the IPO price, reflecting robust investor interest.
- Grey Market Performance: In the grey market, Naturewings Holidays shares were trading at a premium of ₹45, indicating a 60% premium over the issue price prior to listing.
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About Naturewings Holidays:
Naturewings Holidays is a tourism company specializing in curated holiday packages for leisure travelers focusing on destinations in the Himalayan region, including India, Nepal, and Bhutan. For the fiscal year ending March 2024, the company reported total revenues of ₹21.9 crore and a net profit of ₹1.12 crore.
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