Rajeshwari Cans Ltd. makes a strong debut on the bourses with scrip got listed at Rs 20.75 on the Bombay Stock Exchange, a 3.75 per cent premium to its issue price of Rs 20.00. The company, which raised 0.20 Cr from initial public offering, was subscribed 1.32 times, receiving bids for 26.61 lakhs shares against the total issue size of 20.16 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 31 to Apr 06. 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 Meeting incremental working capital requirements General corporate purposes.
Fedex Securities Private Limited as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 48,544.06, up 660.68 points, or 1.37 per cent.