Shares of Momai Apparels on Thursday gained 1.4% on first day of listing on National Stock Exchange (NSE) Emerge, a trading platform for small and medium enterprises (SMEs).
Shares of the company ended at Rs 79.1, up Rs 1.1 compared to issue price of Rs 78 per share.
Momai had raised Rs 43 crore through its initial public offering (including pre- placement), the most by any SME issue. The IPO was subscribed 1.84 times and had seen applications of over 2,800, the company said in a release.
