The agribusiness industry gave brow-beaten IPO advisers their second fillip in two days when the shares in KTG Agrar's biogas business offered investors healthy gains in debut dealing.

Shares in KTG Energie topped E14.57 at one point on their first day trading in Frankfurt, handing investors in Germany's first flotation this year a gain of 5%.

The stock eased a little in late deals to stand at E14.289, a gain of 3.5% for investors who paid the subscription price of E13.80 a share.

 "We are proud of the full placement of our capital issue, which will support our growth plans and, consequently, an attractive dividend," said Thomas Berger, the chief executive of KTG Energie, said.

Felda gains

In fact, while investors took up the full 1m new shares in KTG Energie on offer, only 500,000 of the up-to 1.7m shares up for sale by KTG Agrar were disposed of.

The deal leaves KTG Agrar, the German farm operator, which had said its stake would remain at "a minimum" of 55%, with a 75% holding.

The pop to investors contrasts with a string of negative news on IPO activity, with Facebook shares falling on their debut day, and declining further since, while companies including jeweller Graff have ditched flotation plans.

However, elsewhere in the agribusiness sector, shares Felda Global, the Malaysian palm oil firm,  on Friday held on to gains made the previous session, their own debut in a flotation which raised $3.1bn, making it Asia's biggest IPO of the year.

Felda stock closed up 0.4% at 5.32 ringgit, well above the IPO reference price of 4.55 ringgit.