The company made a stellar stock market debut with its share price surging over 14 percent against the issue price of 530 apiece.

After surging 19.22 per cent to 631.90 in intra-day trade, the scrip finally ended at 605. More than one crore shares of the company changed hands on the National Stock Exchange during the day.

“The tremendous response to Just Dial IPO is an indication that the dull spell in the primary market is likely to end soon and we should see more issues in the next 2-3 months,” said Vikas Jain, Founder, Aditya Trading Solutions.

The company had fixed the issue price band at 470-543 and plans to give 47 (10 per cent to the floor price) discount to retail investors.

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