MV Electrosystems shares made a stellar debut on Dalal Street, opening on the BSE at ₹519 apiece. After this bumper opening on the BSE, the newly-listed stock delivered a whopping 22% listing gain to the lucky allottees, against the upper price band of ₹425 per equity share. After listing at a whopping premium, MV Electrosystems’ share price extended its listing gains and touched an intraday high of ₹540 apiece on the BSE within a few minutes of the share listing.
The public issue was offered at a price band of ₹400 to ₹425 per equity share. The public issue received a strong response from investors as it was subscribed close to 100 times of its original offer.
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