Edynamics Solutions closes at day's high of Rs 26.65

Shares of Delhi-based company Edynamics Solutions closed at day's high of Rs 26.65 Wednesday, up 6.6 percent over its issue price of Rs 25.

The stock was opened at Rs 26.15 on the Bombay Stock Exchange (BSE) SME platform. Market capitalisation of the company currently stands at Rs 57.81 crore.

The public issue of 62.40 lakh equity shares was opened for subscription between June 10-12, 2013.

The company is engaged in the operations of online trading and retailing of range of products including groceries, fabrics, clothing, furnishings, electronics and computers and its accessories.

Edynamics intends to use issue proceeds for augmenting working capital in the form of advances; setting up new franchise/retail store modules; and brand building.

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