D K Enterprises Global Ltd. debuts with 5.00% premium at Rs 42.00
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D K Enterprises Global Ltd. makes a strong debut on the bourses with scrip got listed at Rs 42.00 on the Bombay Stock Exchange, a 5.00 per cent premium to its issue price of Rs 40.00. On the National Stock Exchange, the stock was listed at Rs 42.00. The company, which raised 0.11 Cr from initial public offering, was subscribed 9.68 times, receiving bids for 101.66 lakhs shares against the total issue size of 10.50 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Oct 07 to Oct 12. 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 Setting up of new Manufacturing Unit at Baddi, Himachal Pradesh To Meet Incremental Working Capital Requirements For General Corporate Purposes To meet Public Issue Expenses. BEELINE BROKING LIMITED as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 18,178.10, down 88.50 points, or 0.48 per cent.
