Jay Jalaram Technologies Ltd. debuts with 38.88% premium at Rs 50.00
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Jay Jalaram Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 50.00 on the Bombay Stock Exchange, a 38.88 per cent premium to its issue price of Rs 36.00. On the National Stock Exchange, the stock was listed at Rs 50.00. The company, which raised 0.30 Cr from initial public offering, was subscribed 12.35 times, receiving bids for 370.50 lakhs shares against the total issue size of 30.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 26 to Aug 30. 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 NSE. The company anticipates using the proceeds of the issue for .
Beeline Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,624.40, down 31.20 points, or 0.17 per cent.
