HM Electro Mech shares are set to debut on BSE SME with an 8% premium. The IPO, priced at Rs 75, was oversubscribed 91 times. The company focuses on turnkey projects in pumping machinery and has diversified into electrification and EPC projects.
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The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts