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Published on 12/10/2022 11:50:11 AM | Source: Dion Global Solutions Ltd

Vedant Asset Ltd. debuts with 62.50% premium at Rs 65.00

Posted in IPO Analysis| #IPO

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Vedant Asset Ltd. makes a strong debut on the bourses with scrip got listed at Rs 65.00 on the Bombay Stock Exchange, a 62.50 per cent premium to its issue price of Rs 40.00. The company, which raised 0.08 Cr from initial public offering, was subscribed 46.85 times, receiving bids for 351.39 lakhs shares against the total issue size of 7.50 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 30 to Oct 04. 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 . Hem Securities Ltd as lead managers & Bigshare Services Private Limited. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 57,147.32, down 843.79 points, or 1.45 per cent.