New Delhi, Aug. 6 -- MV Electrosystems shares made a stellar debut on Dalal Street, opening on the BSE at Rs.519 apiece. After this bumper opening on the BSE, the newly-listed stock delivered a whopping 22% listing gain to the lucky allottees, against the upper price band of Rs.425 per equity share. After listing at a whopping premium, MV Electrosystems' share price extended its gains and touched an intraday high of Rs.586 apiece on the BSE within a few minutes of listing.

The public issue was offered at a price band of Rs.400 to Rs.425 per equity share. The public issue received a strong response from investors as it was subscribed close to 100 times of its original offer. While offering company shares, the promoters had promised in the...