MIC Electronics Ltd opens at Rs.262.50 in NSE

The equity shares of MIC Electronics Ltd (BSE Scrip Code: 532850, NSE Symbol:MIC) was listed and admitted to dealings on both the Stock Exchanges today. The company issued shares at Rs.150 in the recently concluded IPO. The IPO received overwhelming response from investors with huge oversubscription.

In NSE, the stock opened for trading at Rs.262.50, up by Rs.112.50 or 75% over its issue price of Rs.150. The stock hit an intraday high of Rs.367 and low of Rs.253. The total traded quantity was 2889513 at an average price of Rs.318.32 resulting in a turnover of Rs.9197.9 Lakhs.

In BSE, the stock opened for trading at Rs.210.25, up by Rs.60.25 or 40.16% over its issue price of Rs.150. The stock hit an intraday high of Rs.343 and low of Rs.210.25. The total traded quantity was 973759 at a weighted average price of Rs.311.33.

Source : Equity Bulls

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