New Delhi, Jan. 31 -- H.M. Electro Mech shares made a decent debut on Friday, January 31, listing at Rs.81 on BSE SME, a premium of 8 percent over the issue price of Rs.75.

H.M. Electro Mech's initial public offering (IPO), valued at Rs.27.74 crore, was open for subscription from January 24 to January 28. The SME IPO price band was fixed at Rs.71-75 per equity share.

Following the three days of bidding, H.M. Electro Mech IPO closed with exceptional demand, garnering 91.75 times bids. The IPO received bids for 22.57 crore shares against 24.60 lakh shares on offer. The retail investor segment was booked 95.55 times, while the non-institutional investors (NII) category was subscribed 183.65 times. Meanwhile, the Qualified Institutional Buy...