|
L.K. Mehta Polymers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 71.10 on the Bombay Stock Exchange, a 0.14 per cent premium to its issue price of Rs 71.00.
The company, which raised 0.10 Cr from initial public offering, was subscribed 41.88 times, receiving bids for 435.55 lakhs shares against the total issue size of 10.40 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 13 to Feb 17.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Swastika Investmart Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 75,735.96, down 203.22 points, or 0.26 per cent.
|