New Delhi, Nov 15 (PTI) Microcrystalline cellulose manufacturer Sigachi Industries shares listed with a huge premium of nearly 253 per cent in its debut trade on Monday against the issue price of Rs 163.

The stock listed at Rs 575, a premium of 252.76 per cent on BSE. It then rallied 270.39 per cent to Rs 603.75.

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On NSE, it debuted at Rs 570, zooming 249.69 per cent.

The initial public offer of Sigachi Industries received a whopping 101.91 times subscription earlier this month.

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Price range for the Rs 125.42 crore-offer was at Rs 161-163 per share.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)