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Beeline Capital Advisors was the sole book running lead manager of the Emmforce Autotech IPO, while Link Intime India was the registrar for the issue.
Mahindra & Mahindra share price: The company's shares rallied almost 5% to ₹2,158 on the NSE.
Emmforce Autotech lists with 90% premium over IPO price on BSE SME platform. Proceeds for subsidiaries, drivetrain parts, export focus. Auto component industry vital for GDP. Revenue: Rs 5.19 crore, profit: Rs 43 lakh. Anchor investors: BofA Securities Europe, Beeline Capital Advisors.
Emmforce Autotech share price made a stellar stock market debut with a massive 90% premium.
The Rs 53.90 crore public offer received impressive investor interest from April 23-25 after the issue was subscribed 364.37 times.