Umiya Mobile shares list with 2% premium over IPO price on BSE SME platform
Umiya Mobile debuted on the BSE SME platform on Monday, listing at Rs 67.4 apiece, a mere 2% premium over the IPO price. The IPO received an overwhelming response from retail and HNI investors during the subscription process. However, a grey market premium (GMP) of Rs 0 just ahead of the listing had hinted at a subdued debut.
The Rajkot-based electronics retailer raised Rs 24.88 crore through a fresh issue of 37.7 lakh equity shares at a fixed price of Rs 66 per share.
