The IPO also comprises of secondary share sale worth Rs 69 crore by the promoter group
At $19 per share, Pinterest, which offers advertisers a venue to sell to consumers, raised around $1.4 billion at a roughly $12.7 billion valuation
The oversubscription for Polycab's IPO was also the highest since HDFC AMC's Rs 2,800-crore offering last year
Shapoorji Pallonji Company holds 65.77% stake in the company
This was the best listing-day performance for a company since HDFC Asset Management Company's stock market debut in August 2018
The oversubscription was the highest since HDFC Mutual Fund's maiden offering in July 2018.
Some of Polycab's listed peers include Havells India, Bajaj Electricals and V-Guard
A day earlier, the diagnostics company had allotted shares worth Rs 530 crore to two dozen anchor investors at Rs 880 apiece
The Rs 482 crore initial public offering (IPO) of the company was opened last week. The price band has been fixed at Rs 17 - Rs 19 per share.
In the latest quarter, the main markets (BSE and NSE) witnessed five IPOs
Price caps on tests and competitive nature of the sector could test the high valuations
Market players said spike in volatility, particularly in the broader market, took a toll on the primary market activity
Lyft sold 32.5 million shares for $72 apiece after initially marketing 30.8 million shares at $62 to $68 each
The offering comprises secondary sale of 13.68 million shares, constituting of 27.3 per cent stake
The ride-hailing giant is expected to publicly file for its offering in April
MSTC had earlier priced the IPO between Rs 121 and Rs 128 per share
Embassy Reit is looking to raise Rs 4,750 crore through the IPO
Demand shortfall in one category can be met from the excess demand in other categories
MSTC offers a discount of Rs 5.5 a share on the allotment price to the retail investors
Chalet Hotels was the first major IPO to hit the market in nearly four months