Adjia Technologies Ltd. debuts with 0.67% premium at Rs 74.50
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Adjia Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 74.50 on the Bombay Stock Exchange, a 0.67 per cent premium to its issue price of Rs 74.00. The company, which raised 0.03 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 2.70 lakhs shares. The company, listed under TS Group Securities post its IPO, opened for subscription from Mar 02 to Mar 04.
Following a strong opening, the scrip touched an intraday high of Rs 74.65 and a low of Rs 74.00, before closing the session up by 0.33 per cent to its listing price at Rs 74.25 on the BSE. The company anticipates using the proceeds of the issue for a) Funding purchases of equipmentb) Marketing initiativesc) General Corporate Purposes.
Shreni Shares Pvt. Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 50,395.08, down 397.00 points, or 0.78 per cent.
