Destiny Logistics & Infra Ltd. debuts with 3.50% premium at Rs 20.70
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Destiny Logistics & Infra Ltd. makes a strong debut on the bourses with scrip got listed at Rs 20.70 on the Bombay Stock Exchange, a 3.50 per cent premium to its issue price of Rs 20.00. On the National Stock Exchange, the stock was listed at Rs 20.70. The company, which raised 0.27 Cr from initial public offering, was subscribed 2.71 times, receiving bids for 73.01 lakhs shares against the total issue size of 26.94 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 30 to Oct 05. 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 A To meet the working capital requirements of the companyB To meet the Issue ExpensesC General Corporate Purposes. Finshore Management Services Ltd. as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,991.95, up 46.00 points, or 0.25 per cent.
