Small-cap firm makes ₹2 crore profit from LG Electronics' listing
Small-cap firm Winro Commercial India made a notional profit of ₹2.15 crore after LG Electronics India's shares listed at a 50% premium on Tuesday. Winro, with an m-cap of over ₹30 crore, was allotted 37,482 shares, worth ₹4.27 crore at an average price of ₹1,140 per share. At the bumper listing price, the shares would be worth around ₹6.41 crore.