On December 12, the shares of Methodhub Software slipped into the market with a fairly weak start. On the BSE SME platform the stock opened at ₹155.20, which is about 20 percent below the ₹194 issue price that investors paid in the IPO.
The debut was smaller than many had expected, especially after the grey‑market premium earlier in the day had hinted at a gain close to 9 percent. The shares fell into the red immediately, but a quick rebound pushed the price up to the 5 percent upper circuit at ₹162.90. Even so, the level was still more than 16 percent shy of the IPO price.
Methodhub had raised ₹102.49 crore from the public offering, comprising a fresh issue of ₹87.50 crore and an offer‑for‑sale (OFS) of ₹14.99 crore. The offering ran from December 5 to December 9, and shares were allotted on December 10. Demand was overwhelming: the issue was subscribed 28.91 times overall – 21.54 times by retail investors and 27.55 times by QIBs – with non‑institutional investors turning up the highest at 47.97 times.
Investors had to place bids for at least 600 shares in the price band of ₹190–₹194. For retail participants the minimum stake was two lots, which translated into a baseline investment of ₹2,32,800.
The company plans to use the proceeds to pay down existing borrowings, fund investments in its subsidiary, meet working‑capital requirements, and keep an eye on potential acquisitions.
Methodhub Software operates as an IT services firm, helping global clients with digital transformation and next‑generation business solutions.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
