Pune E-Stock Broking shares list at 57% premium, stock closed 3% higher

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₹130, marking a significant 57 percent premium over the issue price of ₹83 on the BSE SME platform. The IPO of Pune E-Stock Broking attracted considerable investor attention, demonstrating a subscription rate exceeding 300 times by the conclusion of the subscription period. Also read: Pune E-Stock Broking IPO allotment finalised today; latest GMP, 4 steps to check status Pune E-Stock Broking stock closed 3.18 percent higher at ₹133.18 per share on BSE on its debut day.

The initial public offerings (IPO) of Pune E-Stock Broking was subscribed on 371.16 times on the last day of its subscription. The IPO garnered enthusiastic interest from retail investors, whose portion was oversubscribed by 338.92 times, and non-institutional buyers, whose portion was oversubscribed by 775.99 times, as per data from chittorgarh.com. Qualified Institutional Buyers subscribed to the issue 123.02 times.

Also read: Royal Sense IPO allotment to be out today; check GMP, application status, listing date, other key details of SME IPO The IPO consisted of 46 lakh newly issued equity shares, with the company aiming to raise ₹38 crore from the public. The funds garnered from the IPO will be utilized for various purposes including meeting working capital requirements, covering general corporate expenses, and managing the costs associated with the public offering. Pune E-Stock Broking Limited (PESB) operates as a corporate broking firm offering a diverse array of financial services.