InvestorQ : Can you tell me about the listing day performance of Electronic Mart India on Monday 17ths October 2022?
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Can you tell me about the listing day performance of Electronic Mart India on Monday 17ths October 2022?

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Juvina Maggie answered.
1 month ago
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Electronics Mart India listed on 17th October 2022 at a premium of 52.5% to its issue price of Rs59 per share. With overall subscription of 71.93X and QIBs subscribing 169.54X, the strong listing was already hinted by the GMP. It may be recollected that the IPO price had been fixed at the upper band of the IPO range of Rs.56 to Rs.59. On 17th October, Electronics Mart India Ltd listed on NSE at Rs.90 per share, reflecting a premium of 52.5% over the issue price of Rs.59. On the Bombay Stock Exchange, the stock listed at Rs.89.40 an approximately close premium of 51.5% on the issue price.

On the NSE, Electronics Mart India closed at Rs.83.70; a good 41.86% above the issue price, while on the BSE it closed at Rs.84.45. On both the exchanges, the IPO closing price was below the opening price. On the NSE, the stock touched a high of Rs91 and a low of Rs.83.10. On the BSE, Electronics Mart India Ltd touched a high of Rs.91 and a low of Rs.83.20. The range was not too large but the stock opened close to the peak price of the day and closed very near to the bottom price of the day on both the exchanges.

What about trading volumes on Day-1 of listing? Electronics Mart India traded 880.26 lakh shares on NSE worth Rs.766.35 crore. On the day of IPO listing, the stock was the 6th most active share on NSE by traded value and the second most active by traded volumes. On the BSE, the stock traded 59.32 lakh shares worth Rs.51.60 crore. While it did not rank in the top 30 in terms of traded value, it was ranked 18th on the BSE on traded volumes. On the first day, Electronics Mart India Ltd closed with a market capitalization or market value of Rs.3,249.20 crore. However, the free-float market cap stood at Rs.487.38 crore

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