<p>Shares of Chemcon Speciality Chemicals on Thursday made a strong debut on Dalal Street with a premium of 115 per cent against its issue price of Rs 340 apiece.</p>.<p>The stock jumped 114.98 per cent to Rs 730.95 in its debut trade on the BSE. It later zoomed 115 per cent to Rs 731.25.</p>.<p>On the NSE, it listed at Rs 731, reflecting a premium of 115 per cent from the issue price.</p>.<p>The company's market valuation was at Rs 2,296.74 crore on the BSE.</p>.<p>The Rs 318-crore initial public offer of Chemcon Speciality Chemicals was subscribed by a whopping 149 times late last month.</p>.<p>Price range for the offer was fixed at Rs 338-340 apiece.</p>.<p>The Vadodara-based company has long-standing relationships with its key customers, including Laurus Labs, Aurobindo Pharma, and Ind-Swift Laboratories.</p>.<p>It exports products to global markets covering the US, Germany, Italy, South Korea, Japan, United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia.</p>.<p>Intensive Fiscal Services and Ambit Capital managed the offer. </p>
<p>Shares of Chemcon Speciality Chemicals on Thursday made a strong debut on Dalal Street with a premium of 115 per cent against its issue price of Rs 340 apiece.</p>.<p>The stock jumped 114.98 per cent to Rs 730.95 in its debut trade on the BSE. It later zoomed 115 per cent to Rs 731.25.</p>.<p>On the NSE, it listed at Rs 731, reflecting a premium of 115 per cent from the issue price.</p>.<p>The company's market valuation was at Rs 2,296.74 crore on the BSE.</p>.<p>The Rs 318-crore initial public offer of Chemcon Speciality Chemicals was subscribed by a whopping 149 times late last month.</p>.<p>Price range for the offer was fixed at Rs 338-340 apiece.</p>.<p>The Vadodara-based company has long-standing relationships with its key customers, including Laurus Labs, Aurobindo Pharma, and Ind-Swift Laboratories.</p>.<p>It exports products to global markets covering the US, Germany, Italy, South Korea, Japan, United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia.</p>.<p>Intensive Fiscal Services and Ambit Capital managed the offer. </p>