MV Electrosystems shares opened at a 22% premium over their IPO price, following an impressive subscription rate of 188.85 times during the public issue.

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…