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Today two IPOs were listed in the stock market in a single day. Platinum Industries and Exicom Tele Systems are included in this IPO.
Both the companies did not disappoint the investors. Where electric vehicle charger manufacturing company Exicom Tele Systems has been listed at a premium of 85 percent. Apart from this, the IPO of Platinum Industries has got a listing gain of 35 percent.
The IPOs of both these companies have received good response from investors. Axicom Tele Systems' IPO was subscribed 133 times, while Platinum Industries' IPO was subscribed 99 per cent yesterday.
platinum industries ipo listing
Platinum Industries is a company known for manufacturing stabilizers. The IPO of Platinum Industries was opened for subscription on 27 February, which was subscribed till 29 February. The total subscription during this period was 99 percent. The company intends to raise Rs 235.32 crore through this IPO. Today this company has been listed in the IPO market and has received good response.
The issue price of Platinum Industries IPO was Rs 171. Today it is listed on Bombay Stock Exchange at a price of Rs 228. If seen from perspective, the IPO of this company has given a listing gain of more than 33 percent to its investors. Even after listing, its shares saw a rise and they reached 237 percent. That means overall this IPO has given a profit of about 38 percent to its investors.
Exicom Tele System IPO
This company is known for manufacturing electric vehicle chargers. It had issued an IPO to raise Rs 429 crore. The issue price of this company was Rs 142. For your information, let us tell you that the IPO of this company was listed in the Bombay Stock Exchange at a premium of Rs 264. In such a situation, it has given huge profits of up to 85 percent to its investors after listing.
Even after listing, the company was performing better in the IPO market. Immediately after the listing, the company's shares jumped to around Rs 274.3. Due to which the profit of investors has increased by about 93 percent.