Tridhya Tech debuted on the bourses on Thursday with a flat opening. However, the stock, listed on the NSE Emerge, closed at ₹44.10 after a 5 per cent upper circuit. The offer price of the issue was ₹42.
The listing ceremony was held in Ahmedabad in the presence of Ashish Goyal, Vice President, the National Stock Exchange, and Ramesh Marand, Managing Director of the company.
The company had received an overwhelming response for its ₹26.41-crore SME IPO which was oversubscribed by 72 times. It had received bids for 32.87 crore shares against the 62.88 lakh shares on offer in the issue.