Azad Engineering, endorsed by cricket legend Sachin Tendulkar, witnessed its shares open at ₹720 on the National Stock Exchange (NSE), marking an impressive 37.40% premium over the issue price of ₹524. Simultaneously, on the Bombay Stock Exchange (BSE), the stock debuted at ₹710 during Thursday’s trading session.
Anticipating the debut, Azad Engineering’s stock commanded a grey market premium (GMP) of ₹205 in the unlisted market, suggesting a potential listing price of ₹729. The initial public offering (IPO) had been priced in the range of ₹499-524.
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