Goel Food Products Ltd. makes a strong debut on the bourses with scrip got listed at Rs 75.00 on the Bombay Stock Exchange, a 4.16 per cent premium to its issue price of Rs 72.00. The company, which raised 0.10 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 10.04 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 15 to Jun 20. 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 a) To Meet Working Capital Requirementsb) General Corporate Purposes.
Gretex Corporate Services Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 53,161.28, up 433.30 points, or 0.82 per cent.