Anchor investors behave pretty much like retail investors in India where some profits are booked and some stay invested.
In early deals, Sensex advanced 201 points or 0.3% to scale a fresh record high of 56,160, while Nifty added 29 points or 0.18% to 16,654.
The stock opened at Rs 550 apiece on the National Stock Exchange (NSE) a premium of 1.66% or Rs 9 over its issue price of Rs 541.
Aptus Value Housing Finance got listed at Rs 333, marking a discount of Rs 20 or 5.67% on the NSE.
Unlike benchmark indices, there was a sell-off in the broader markets as the BSE MidCap index declined 0.90% or 204 points to 22,475
Shares of the Chemplast Sanmar are quoting at a premium of Rs 12 over its issue price of Rs 541 per share.
Investors should buy the dips & stay invested for the long term as Nuvoco Vistas is trading at a discount to its peers Ultratech Cement & Shree Cement
On the BSE, Nuvoco Vistas opened for trading at Rs 471, at a discount of 17.37% or Rs 99 over its issue price of Rs 570 per share.
Of 30 Sensex stocks, 28 were in the green at open. HCL Tech, Tata Steel, Bajaj Finance, Tech Mahindra and L&T were the top gainers.
With a gain of 17.11%, Adani Total Gas was the top performer of the week as its scrip rallied from Rs 909 on August 13 to Rs 1,065 on August 20.