Electronics Mart India IPO: What GMP signals after closure of subscription
2 years, 2 months ago

Electronics Mart India IPO: What GMP signals after closure of subscription

Live Mint  

Electronics Mart India IPO: The public issue of Electronics Mart India Ltd had an electrifying end of three days subscription on Friday as the issue got subscribed 71.93 times on the final day of bidding. Electronics Mart IPO GMP today Market observers said that Electronics Mart IPO grey market premium today is ₹35, which is ₹5 higher from its Friday GMP of ₹30 apiece. Market observers maintained that Electronics Mart IPO GMP has remained around ₹30 to ₹35, which is highly promising against its price band of ₹56 to ₹59 per equity share. Market observers said that Electronics Mart IPO GMP today is ₹35, which means the grey market is expecting that the public issue will list on the Indian bourses at around ₹94 per equity share, around 60 per cent higher from its upper price band of ₹59 apiece.

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