Fonebox stock lists at 185% premium over IPO price on NSE SME
Fri, Feb 2, 2024 2:57 PM

Fonebox stock lists at 185% premium over IPO price on NSE SME

A Flip by Avya Verma
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The stock of Fonebox made an impressive debut, listing at a 185.7 percent premium over the IPO price, on February 2 and opened at Rs 200 against the issue price of Rs 70 on the NSE SME platform. Ahead of the listing, Fonebox shares were trading at a 185 percent premium in the grey market, which is an unofficial ecosystem where shares start trading before the allotment in the IPO.

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