Varanium Cloud Ltd. debuts with 7.37% premium at Rs 131.00
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Varanium Cloud Ltd. makes a strong debut on the bourses with scrip got listed at Rs 131.00 on the Bombay Stock Exchange, a 7.37 per cent premium to its issue price of Rs 122.00. On the National Stock Exchange, the stock was listed at Rs 131.00. The company, which raised 0.30 Cr from initial public offering, was subscribed 4.52 times, receiving bids for 135.57 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 Sep 16 to Sep 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 NSE. The company anticipates using the proceeds of the issue for . FIRST OVERSEAS CAPITAL LIMITED as lead managers & Bigshare Services Private Limited. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,016.30, down 311.05 points, or 1.79 per cent.
