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The Economic Times
The Economic Times
Ritesh Presswala

Kanohar Electricals shares list at 8% premium over IPO price

Kanohar Electricals GMP IPO

Shares of Kanohar Electricals listed at 8% premium over IPO price on Wednesday. The stock opened at Rs 672.05 on BSE and Rs 685.50 on NSE as compared to its isue price of Rs 632.

The strong grey market sentiment comes on the back of overwhelming investor demand for the public issue. The IPO was subscribed 90.59 times overall, with the retail portion booked 20.51 times. The non-institutional investor (NII) category saw subscription of 87.74 times, while the qualified institutional buyer (QIB) portion was subscribed a staggering 215.37 times.

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