Published on 22/09/2022 10:56:40 AM | Source: Dion Global Solutions Ltd

Tapi Fruit Processing Ltd. debuts with 8.54% premium at Rs 52.10

Posted in IPO Analysis| #IPO

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Tapi Fruit Processing Ltd. makes a strong debut on the bourses with scrip got listed at Rs 52.10 on the Bombay Stock Exchange, a 8.54 per cent premium to its issue price of Rs 48.00. On the National Stock Exchange, the stock was listed at Rs 52.10. The company, which raised 0.11 Cr from initial public offering, was subscribed 2.43 times, receiving bids for 26.39 lakhs shares against the total issue size of 10.86 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 12 to Sep 14. 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 . Fedex Securities Private Limited as lead managers & Bigshare Services Private Limited. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,718.35, down 97.90 points, or 0.54 per cent.