Green Circle shares surge 12.97% intraday after announcing IPO and underwriters' over-allotment completion.

Green Circle Decarbonize Technology Limited surged 12.97% intraday after announcing the completion of its IPO's underwriters' over-allotment option. The exercise of this greenshoe provision typically signals strong institutional demand and post-IPO stability, as it allows additional shares to be issued to stabilize the stock price. This development aligns with the company's recent market debut, enhancing liquidity and investor confidence, thus justifying the sharp intraday increase.