Shares of India’s CMR Green Technologies rose 39.6% on their trading debut on Wednesday, after the aluminium recycler’s $66 million initial public offering.
The IPO, the first in the country after almost a month as uncertainty triggered by the Iran war left investors rattled, had an issue price of 192 rupees and was subscribed 127 times.
($1 = 95.4200 Indian rupees)
Reuters
