Electronics Mart IPO Particulars: Simply two days are left for the itemizing of Electronics Mart IPO and all eyes are actually on October 17 when the shares shall be listed on benchmark indices. In line with the Bombay Inventory Change, the fairness shares of Electronics Mart shall be listed on the alternate within the Group ‘B’ securities. It could be recalled that Electronics Mart India IPO opened on October 4 and closed on October 7 this month.
The IPO lot dimension was 254 shares and a retail-individual investor was eligible to use for as much as 13 tons (3302 shares or Rs 194,818). The problems have been subscribed 71.93 occasions with the certified institutional consumers quota attracting bids 169.54 occasions the reserved quota.
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Electronics Mart IPO GMP at this time, October 15:
Gray Market Premium is the quantity above which a share will get listed. As per present market tendencies, the GMP of the Electronics Mart IPO is commanding a premium of Rs 30 as on October 15. This implies, the shares shall be listed at round Rs 86-89 per share (Rs 56-59 + Rs 30). The worth band for the IPO was Rs 56-59 per fairness share.
The GMP reveals that the market is bullish on Electronics Mart shares and it’ll checklist above its worth band.