Exicom Tele-Systems share price makes a bumper debut, stock opens with 86.62% premium at ₹265 on NSE
₹265 per share, 86.62% higher than the issue price of ₹142. On BSE, Exicom Tele-Systems share price today opened at ₹264 apiece, up 85.92% than the issue price.
Experts anticipated Exicom Tele-Systems share price to list in the range of ₹282 to ₹299 range. Also Read: Exicom Tele Systems IPO listing date today.
GMP, experts see up to 110% return for share allottees Exicom Tele-Systems received strong demand from investors across categories and the issue was heavily oversubscribed. Exicom Tele-Systems IPO was subscribed 129.54 times on the last day.
The IPO was subscribed 119.59 times in the retail category and 153.22 times in the Non-Institutional Investors’ (NII) category. The Qualified Institutional Buyers’ (QIB) portion was booked 121.80 times.
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