Shares of Jyoti CNC Automation opened at Rs 370 on the National Stock Exchange, a premium of nearly 12% from its issue price of Rs 331. The shares of the company rose as much as Rs 424.95, around the upper band limit of Rs 444.

The shares of the company were trading at a premium in the grey market before the listing. In the grey market, the shares were trading at Rs 369. 

The company’s initial public offering for subscription opened on January 09 at a price band of Rs315-331 per share and closed on 11 January. The issue worth Rs1,000 crore was a completely fresh issue.

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