Shares of Vijaya Diagnostic Centre Ltd jumped nearly 17 per cent at the close of trade in its market debut on Tuesday against the issue price of Rs 531.
The stock is listed at Rs 542.30, registering a gain of 2.12 per cent compared to the issue price on the BSE. During the day, it jumped 22.55 per cent to Rs 650.75. It closed at Rs 619.30, a gain of 16.62 per cent.
On the NSE, it is listed at Rs 540, up 1.69 per cent. The stock jumped 16.77 per cent to close at Rs 620.10.
In traded volume terms, 15.49 lakh shares of the company were traded at the BSE and over 2.21 crore units at the NSE during the day.
The initial public offer of Vijaya Diagnostic Centre was subscribed 4.54 times earlier this month.
The Rs 1,895-crore initial public offer was entirely an offer for sale of up to 3,56,88,064 equity shares.
The price range for the offer was Rs 522-531 per share.
Vijaya Diagnostic Centre offers pathology and radiology testing services through 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in Telangana and Andhra Pradesh, National Capital Region and Kolkata.
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