The IPO of EV charger company was listed in the stock market with a bang, investors got 86 percent profit, Platinum Industries gave 35 percent return.

EV charger maker Exicom Tele-Systems Ltd's IPO has been a sensational listing in the stock market. The company's shares were listed at Rs 265 on the NSE today at a premium of 86.62 per cent on March 5. The issue price in the IPO was Rs 142 per share.

4 Month ago

Shares of Axicom Tele-Systems were listed at Rs 264 on the BSE with a premium of 85.92 per cent. The IPO was well received by investors. The IPO was subscribed 129.54 times. The IPO was subscribed 119.59 times in the retail category.

Fresh shares worth Rs 329 crore were announced under this IPO. Apart from this, it also includes an offer for sale of 70.42 lakh equity shares worth Rs 100 crore. The price band for the IPO was kept at Rs 135 to Rs 142.

Also, Platinum Industries' stock listed at a premium of 35 percent over the IPO price on March 5, lower than the GMP estimate of 50 percent. Shares of the company opened at Rs 225 against an issue price of Rs 171 on the NSE.

Platinum Industries' IPO opened from February 27 to 29 and was subscribed 99.03 times. The price band in the IPO was Rs 162-171 per share. Platinum Industries manufactures PVC Stabilizers, CPVC Additives and Lubricants. (Note: This is not investment advice. Stock market is subject to risks. Consult an expert before making any investment.)