MV Electrosystems made a strong stock market debut, listing at over 22% premium to its IPO price. While experts recommend booking partial profits after the sharp listing gains, they advise holding the remaining shares with a stop-loss as the company works to improve profitability.

The IPO is priced in the range of ₹400-425 per share and comprises entirely a fresh issue of equity shares aggregating up to ₹290 crore

MV Electrosystems leads mainboard IPO rush with 188.85 times subscription

The IPO, which remained open for subscription from July 30 to August 3, witnessed an overwhelming response across investor categories. The issue was subscribed 188.85 times…