New Delhi, Aug. 4 -- Shares of Umiya Mobile made a decent debut on the bourses on Monday, August 4, listing at Rs.69 on BSE SME, a premium of 4.55 percent to its issue price of Rs.66.

The Rs.24.88-crore Initial Public Offering (IPO) of Umiya Mobile was open for subscription from July 28 to July 31 and received a decent response from investors. The issue, with a total size of 35.80 lakh shares, was subscribed 2.57 times over the three-day bidding window.

In terms of demand, the IPO garnered bids for 91.94 lakh shares against the 35.80 lakh shares on offer. Among investor categories, the retail investor portion was subscribed 2.61 times, while the non-institutional investor (NII) segment saw a subscription of 2.44 times, reflecting health...