Electronics Mart India shares were listed at a strong premium on Monday. Since then, the shares of Electronics Mart India are on the upper circuit of 10% for the last 2 days.
Electronics Mart India, a company running a retail chain in the name of Bajaj Electronics, is showing tremendous performance in the stock market. Electronics Mart India shares were listed at a strong premium on Monday. Since then, the shares of Electronics Mart India are on the upper circuit of 10% for the last 2 days. The shares of the company were allotted to the investors at the upper price band of Rs 59. Electronics Mart India shares are trading at Rs 102.10 level on 19 October 2022 Bombay Stock Exchange.
The company's shares have been listed at a premium of 53%
The shares of Electronics Mart India were listed on the National Stock Exchange on Monday, October 17, 2022, at Rs.90 with a premium of 53%. The issue price of the company's shares was Rs 59. At the same time, the shares of the company are listed on the Bombay Stock Exchange at a level of Rs 89.40 with a premium of 52%. Electronics Mart India has raised Rs 755 crore through its initial stake sale. The company's IPO was open between October 4-7. The company's IPO received an overwhelming response and was subscribed to 71.93 times.
The company's shares climbed 20% in 2 days
Shares of Electronics Mart India have gained 20% in the last two days. The company's shares are on the upper circuit of 10% for 2 consecutive days. After the listing in the stock market, there was a slight decline in the shares of the company, but for the last two days, it has been on the upper circuit and has increased from the level of Rs 84.45 to Rs 102.10. The quota of QIB investors in the Electronics Mart India IPO was subscribed 169.54 times. At the same time, the quota of HNI and retail investors were subscribed 63.59 times and 19.72 times respectively. The 52-week low of the shares of Electronics Mart India is Rs 83.20.
