The shares of Jet Airways (India) finished Day 1 at Rs 1,304.20 on the National Stock Exchange, a gain of 18.56 per cent (Rs 204) to the IPO offer price of Rs 1,100 per share.
The counter clocked a huge volume of nearly 1.28 crore shares and a turnover of Rs 1,608 crore, according to data available on the website of NSE.
The scrip closed at Rs 1,305 on the BSE with a volume of over 68 lakh shares.
The first trade on the NSE was struck for 4,000 shares at Rs 1,428, an NSE official said after the listing ceremony. The scrip was listed on the BSE at Rs 1,211.
The 1.72 crore shares offered in the IPO had raised Rs 1,899 crore for the company.
Deutsche Equities, HSC Securities, UBS Securities, Citigroup, DSP Merrill Lynch and Kotak Mahindra were the book-running lead managers for the IPO.
Jet lists on BSE at Rs 1211
The scrip of Jet Airways (India) Ltd was on Monday listed on the Bombay Stock Exchange and the first trade was struck at Rs 1211, at premium of 10 per cent to the issue price of Rs 1,100 per share.
Currently, the airline stock was trading at Rs 1188 on the BSE.
On the National Stock Exchange, Jet Airways listed at Rs 1155. Currently, the airline stock was trading at Rs 1206 on the NSE.
The private airline, which had floated an IPO for 1.72 crore shares of Rs 10 each, constituting 20 per cent of the post issue capital, had raised Rs 1,899 crore.
The part of proceeds of IPO would be used to retire some high cost debt.
The IPO received 4.47 lakh bids for 27.75 crore shares, resulting in oversubscription of 16.08 times the issue size.
The bidding price band for the IPO was Rs 950-1,125 per share of face value Rs 10 each. The bidding for the 100 per cent book-built issue opened on February 18 and closed on February 24.
Deutsche Equities India Pvt Ltd, HSBC Securities and Capital Markets (India), UBS Securities India Pvt Ltd, Citigroup Global Markets India, DSP Merrill Lynch Ltd and Kotak Mahindra Capital Company Ltd were book running lead managers for the IPO.