Venus Pipes & Tubes Ltd. debuts with 2.76% premium at Rs 335.00
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Venus Pipes & Tubes Ltd. makes a strong debut on the bourses with scrip got listed at Rs 335.00 on the Bombay Stock Exchange, a 2.76 per cent premium to its issue price of Rs 326.00. On the National Stock Exchange, the stock was listed at Rs 337.50. The company, which raised 0.51 Cr from initial public offering, was subscribed 13.47 times, receiving bids for 683.43 lakhs shares against the total issue size of 50.74 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from May 11 to May 13. 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 . SMC Capitals Limited as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 54,288.61, down 37.78 points, or 0.06 per cent.
