Helloji Holidays shares hit 5% upper circuit after flat SME IPO debut

• Helloji Holidays shares listed flat at Rs 118 but then hit a 5% upper circuit at Rs 123.90 on debut.
• The company's market capitalization increased from Rs 40.5 crore to Rs 42.50 crore on its listing day.
• The listing performance missed grey market premium estimates of 7.63%.
• The IPO raised nearly Rs 11 crore through a fresh issue, with a price band of Rs 110-118 per share.
• The IPO was heavily oversubscribed, with overall subscription exceeding 27 times.

Why It Matters: This shows immediate market reaction and quick gains for a new SME listing.