Shares of Bikaji Foods International Ltd ended the day nearly 6 per cent higher on its market debut on Wednesday against the issue price of
Rs 300.
The stock listed at Rs 321.15, reflecting a gain of 7 per cent against the issue price on the BSE. During the day, it rallied 11.66 per cent to Rs 335. The stock finally settled at Rs 317.45, higher by 5.81
per cent.
At the NSE, shares of the firm debuted at Rs 322.80, climbing 7.6 per cent and later ended at Rs 317.50, a gain of 5.83 per cent.
The company commanded a market valuation of Rs 7,920.69 crore on the BSE.
In traded volume terms, 20.96 lakh shares of the firm were traded at the BSE and over 2.74 crore at the NSE during the day.
The initial public offering (IPO) of Bikaji Foods International was subscribed 26.67 times last week.
The Rs 881.22-crore IPO had a price range of Rs 285-300 a share.
