Sanco Industries' shares rose by more than 4 per cent on the second day of trading today at the NSE's platform for small and medium enterprises.
Shares of PVC conduit pipes maker Sanco settled at Rs 18 apiece, 4.35 per cent higher than the previous close.
A total of 1.28 lakh shares of Sanco were traded during the day on the stock exchange.
Yesterday, Sanco had become the fifth company to be listed on NSE's EMERGE, a dedicated platform that enables SMEs to raise funds and get listed as public entities.
The company's shares had dropped by 4.17 per cent on its debut day.
Sanco launched its IPO on February 24 and had offered 24 lakh equity shares for cash at a price of Rs 18 per share aggregating up to Rs 4.32 crore.
The SME's public issue was oversubscribed by 1.46 times.
