After a muted listing the counter picked up the pace and was quoting at Rs 635 advancing Rs 104 or 20%.
Vijaya Diagnostic Centre opened at Rs 540 apiece on the National Stock Exchange (NSE) and at Rs 542.30 on the BSE marking a discount of around 2.13%
As per market news, GMP for Vijaya Diagnostic Centre is at Rs 5 i.e 1% at the upper price band of the IPO.
Vijaya Diagnostic Centre received bids for 1.18 crore shares as against 2.50 crore shares
Experts on the street opine that the near-term outlook is already priced in the leaving a limited room for upside.
In the grey market shares of Vijaya Diagnostic Centre is quoting at a premium of Rs 10 or 1.88% while Ami Organics is at a premium of Rs 60 or 9.83%
The price band for Vijaya Diagnostic Centre has been fixed at Rs 522-531 per share having a face value of Rs 1 per share.