The scrip of Datamatics Technologies Ltd was listed on the Bombay Stock Exchange on Friday and the first trade was struck at Rs 184.90 per share for 180 shares, 68.09 per cent premium to the issue price.
The scrip rose to a high of Rs 210 per share and later fell to Rs 175 per share.
In April, Datamatics had floated the initial public offering of 1.03 crore (10.3 million) shares of Rs 5 each with bidding price in the range of Rs 101-110.
On the close of the bidding process, through the book-building route, the issue price was fixed at Rs 110 per share.
The offer comprised fresh issue of 85 lakh (8.5 million) equity shares and offer for sale of 18 lakh (1.8 million) equity shares. Following the IPO, the paid-up capital rose to Rs 20.80 crore (Rs 208 million) from Rs 16.03 crore (Rs 160.3 million).