Cyber Media Research & Services Ltd. debuts with 36.25% premium at Rs 245.25
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Cyber Media Research & Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 245.25 on the Bombay Stock Exchange, a 36.25 per cent premium to its issue price of Rs 180.00. On the National Stock Exchange, the stock was listed at Rs 245.25. The company, which raised 0.08 Cr from initial public offering, was subscribed 29.62 times, receiving bids for 231.04 lakhs shares against the total issue size of 7.80 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 27 to Sep 29. 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 Funding the working capital requirements Funding investments in new projects and general corporate purposes To Meet the Offer Expenses. SWASTIKA INVESTMART LIMITED as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,314.65, down 17.15 points, or 0.09 per cent.
