India's state-controlled Cochin Shipyard has seen its stock soar more than 22% on its first day of trading since its $229m IPO.
The shares debuted 8% up on the issue price of INR 432 ($6.73), before hitting a high of INR 528 on Friday.
The jump took its market cap to about $1.1bn.
All the signs were good going into the listing, after the IPO was over-subscribed by 76 times.
