MUMBAI: Agra-based multi-system operator Sea TV Network closed its debut listing day on the BSE at a six per cent premium over its IPO price of Rs 100, signalling an investor appetite for cable TV companies who are in the midst of a transition to digitisation. 
 
The scrip opened Thursday with a 20 per cent premium at Rs 120. It touched a peak of Rs 126.15 and a low of Rs 105.45 before closing at Rs 106.

A total of 20.73 million shares were traded during the day on the BSE. The shares are not listed on NSE. 
 
Sea TV had tapped the capital market on 27 September with an initial public offering (IPO) of Rs 502 million in the price band of Rs 90 to Rs 100 per equity share. The IPO was subscribed 9.58 times.

Sea TV‘s market cap stands at Rs 1.27 billion.