Shares of New Delhi, Mumbai-based Rulka Electricals Ltd ended with a premium of over 118 per cent against the issue price of Rs 235 on NSE SME on Friday.
The stock listed at Rs 525, representing a jump of 123.40 per cent over its issue price on NSE SME. It later ended the session at Rs 498.75, up 118.4 per cent on the exchange.
The market valuation of the company at the end of the session stood at Rs 212.3 crore.
In terms of volume, 4.49 lakh equity shares of the company were traded on NS SME during the day.
Rulka Electricals' initial public offering (IPO) attracted huge interest from investors, with the issue oversubscribed 676.83 times on the closing day of bidding on Tuesday.
The Rs 26.4 crore IPO comprised a fresh issue of 8.42 lakh equity shares and an offer for sale of 2.8 lakh shares.
The IPO was open for subscription during May 16-21 at a price band of Rs 223-23 per share.
The capital raised through the IPO will be used to meet the needs of the working person, support business activities and cover the expenses of the public offering.
Founded by Rupesh Laxman Kasavkar and Nitin Indrakumar Aher. Rulka Electrical offers a comprehensive suite of electrical and fire fighting solutions for various sectors including industrial, commercial, retail and theatre.
The stock listed at Rs 525, representing a jump of 123.40 per cent over its issue price on NSE SME. It later ended the session at Rs 498.75, up 118.4 per cent on the exchange.
The market valuation of the company at the end of the session stood at Rs 212.3 crore.
In terms of volume, 4.49 lakh equity shares of the company were traded on NS SME during the day.
Rulka Electricals' initial public offering (IPO) attracted huge interest from investors, with the issue oversubscribed 676.83 times on the closing day of bidding on Tuesday.
The Rs 26.4 crore IPO comprised a fresh issue of 8.42 lakh equity shares and an offer for sale of 2.8 lakh shares.
The IPO was open for subscription during May 16-21 at a price band of Rs 223-23 per share.
The capital raised through the IPO will be used to meet the needs of the working person, support business activities and cover the expenses of the public offering.
Founded by Rupesh Laxman Kasavkar and Nitin Indrakumar Aher. Rulka Electrical offers a comprehensive suite of electrical and fire fighting solutions for various sectors including industrial, commercial, retail and theatre.
