Elin Electronics share listing: Shares of Allin Electronics made their flat market debut on Friday with the stock listing at ₹244 per share on NSE. The stock listed at a discount of over one per cent to its IPO price of ₹247 per share. On BSE, shares of Allin Electronics started trading at ₹243 per share.
Received 3.09 times subscription on the last day
The initial public offer (IPO) of electronics manufacturing services company Allin Electronics was subscribed 3.09 times on the last day of subscription. Please tell that this IPO was open from Tuesday, December 20 to Thursday, December 22, 2022. The public issue received bids for 4.39. The category meant for qualified institutional buyers (QIBs) was subscribed 4.51 times, non-institutional investors 3.29 times and retail individual investors (RIIs) 2.20 times.
An aggregate of 57.69 lakh equity shares were allotted at ₹247 per share at the upper end of the price band to anchor investors in Allin Electronics in consultation with the book running managers – Axis Capital and JM Financial. It raised a total of ₹142.5 crore through anchor investors. Aditya Birla Sun Life Trustee, Kotak Mahindra Trustee, SBI Life Insurance, SBI Mutual Fund, PGIM India, Kotak Funds – India Midcap Fund and Pinebridge Global Fund are among the 15 investors investing in the issue through anchor book.