The initial public offer (IPO) of EMS Ltd was fully subscribed within hours of opening on the first day of bidding process. The overall subscription stood at 1.24 times so far.
The strong demand was led by non-institutional investors, whose category was subscribed 1.89 times and retail investors with 1.64 times subscription. There were no bids yet from qualified institutional buyers.
According to market sources, the company's shares are trading at a premium of Rs 125 in the unlisted market.
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