Dollex Agrotech Ltd. debuts with 14.28% discount at Rs 30.00
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Dollex Agrotech Ltd. makes a weak debut on the bourses with scrip got listed at Rs 30.00 on the Bombay Stock Exchange, a 14.28 per cent discount to its issue price of Rs 35.00. On the National Stock Exchange, the stock was listed at Rs 30.00. The company, which raised 0.70 Cr from initial public offering, was subscribed 1.73 times, receiving bids for 120.55 lakhs shares against the total issue size of 69.68 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 15 to Dec 20. Following a weak 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 . Expert Global Consultants Pvt. Ltd. as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 18,132.30, up 117.70 points, or 0.65 per cent.
