Shares of Electronics Mart India were listed on Monday with strong gains in the stock market.
Shares of Electronics Mart were trading with a gain of about 53 percent in early trade against the issue price of Rs 59.
Let us tell you that the shares of Electronics Mart were listed on BSE with a gain of 51.52 percent at Rs 89.40.
The shares of Electronics Mart India Limited were listed on the NSE with a gain of 52.54 percent at Rs 90.
You know that the initial public offering (IPO) of Electronics Mart India was subscribed to 71.93 times.
The bidding range for its IPO was Rs 56-59 per share. The issue lot size of Electronics Mart was 254 shares.
Electronics Mart had a fresh issue of Rs 500 crore. There was no offer for sale in Electronics Mart India.
Electronics Mart is the fourth largest and fastest-growing consumer durables and electronics retailer in the country.
Electronics Mart India Limited was started in 1980 in Hyderabad under the name 'M/s Bajaj Electronics'.