Signature Global shares debut at 16% premium

New Delhi: Shares of Signature Global (India) on Wednesday listed with a premium of nearly 16 per cent against the issue price of Rs 385.

The stock made its debut at Rs 445, up 15.58 per cent from the issue price on the BSE. Later, it jumped 17.16 per cent to Rs 451.10. On the NSE, it listed at Rs 444, registering a jump of 15.32 per cent.

The company commanded a market valuation of Rs 6,280.83 crore. The Rs 730 crore-Initial Public Offer (IPO) of Signature Global (India) was subscribed 11.88 times on the final day of subscription on Friday, helped by encouraging participation from institutional investors.