Published on 13/07/2022 10:42:21 AM | Source: Dion Global Solutions Ltd

Jayant Infratech Ltd. debuts with 13.43% premium at Rs 76.00

Posted in IPO Analysis| #IPO #Jayant Infratech Ltd

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Jayant Infratech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 76.00 on the Bombay Stock Exchange, a 13.43 per cent premium to its issue price of Rs 67.00. The company, which raised 0.09 Cr from initial public offering, was subscribed 3.79 times, receiving bids for 35.02 lakhs shares against the total issue size of 9.24 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 30 to Jul 05. 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 .

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 53,886.61, down 508.62 points, or 0.93 per cent.