Blockbuster debut! Indian Emulsifier shares list at 226% premium on NSE SME platform
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The shares of Indian Emulsifier listed on the NSE SME platform on Wednesday with a premium of 225.8%. The stock debuted at Rs 430 as against an issue price of Rs 132. Ahead of the listing, the company's shares were trading with a premium of Rs 250 in the unlisted market. The IPO, which was completely a fresh equity issue of 32.11 lakh shares, received an overwhelming response from investors with an overall subscription of over 450 times at close. The net proceeds from the public offer will be used for funding of capital expenditure for our company towards purchase of plant, machinery, working capital requirements and general corporate purposes. Founded in 2011, Indian Emulsifier designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions.Also Read: Awfis Space Solutions IPO. 10 things to know before subscribing to the issueThe company's ...