Mumbai, Jan. 31 -- The scrip was listed at Rs 81, at a premium of 8% compared with the initial public offer (IPO) price.

The counter hit a high of Rs 81 and a low of Rs 76.95. About 10.45 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of H.M. Electro Mech was subscribed 7.32 times. The issue opened for bidding on Friday (24 January 2025) and it closed on Tuesday (28 January 2025). The price band of the IPO is fixed between Rs 71 to Rs 75 per share.

The IPO comprises fresh issue of 26,46,400 equity shares. The promoter and promoter group shareholding will dilute to 71.15% from 97.47% pre-issue.

About 1,85,600 equity shares will be reserved for subscription by market makers to the issue. The net ...