E Factor Experience Limited IPO lists at 53% premium on NSE despite weak stock market sentiments

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Stock market today: Despite weak stock market sentiments duen to Israel Palestine conflict, E Factor Experiences Limited IPO listed today on NSE SME Emerge platform delivering over 53 per cent listing gain to its allottees. E Factor Experiences Limited share price opened on NSE at ₹115, which is ₹40 per share higher of more than 53 per cent from its price band of ₹71 to ₹75 per equity share. However, the newly listed NSE SME stock didn't stop here only.

The SME stock extended its listing gain further and went on to hit intraday high of ₹120.75 apiece, extending the E Factor Experiences Limited IPO listing gain to the tune of over 60 per cent within few minutes of E Factor Experiences Limited share listing. E Factor Experiences Limited IPO, which is a book-built issue that aims ato raise ₹25.92 crores, closed its subscription with 73.14 timessubscription on the final day. All categories of the public issue was heavily oversubscribed.

Arabian Petroleum shares list with over 10% premium at ₹77.4 apiece on NSE SME The bidding for E Factor Experiences IPO began on Wednesday, September 17 and ended on Tuesday, October 3, 2023. The book build issue was offered at a price band of ₹71 to ₹75 per equity share. Market falls about 1% on the Israel-Palestine war; investors lose ₹4 lakh crore Due to outbreak of Israel Palenstine conflict, most of the global markets came under huge sell off stress including Dalal Street.