Accretion Nutraveda Shares Soar 48% on SME IPO Debut, Exceeding Expectations

• Accretion Nutraveda shares listed at Rs 191 on BSE SME, a 48% premium over the IPO price of Rs 129.
• The company debuted with a market capitalization of Rs 144.80 crore.
• The listing premium, however, missed grey market estimates of 52.71% to 54.26% GMP.
• The IPO raised Rs 24.7 crore through a fresh issue of 19.2 lakh shares at Rs 122-129 per share.
• IPO proceeds will fund machinery for automation, working capital, and general corporate purposes.

Why It Matters: Accretion Nutraveda made a strong market debut with a 48% premium, despite missing grey market predictions.