Fidel Softech Ltd. debuts with 59.72% premium at Rs 59.10
Fidel Softech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 59.10 on the Bombay Stock Exchange, a 59.72 per cent premium to its issue price of Rs 37.00. On the National Stock Exchange, the stock was listed at Rs 59.10. The company, which raised 0.36 Cr from initial public offering, was subscribed 102.84 times, receiving bids for 3,751.60 lakhs shares against the total issue size of 36.48 lakhs shares. The company, listed under ST Group Securities post its IPO, opened for subscription from May 30 to Jun 02.
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 . Shreni Shares Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 16,478.10, up 121.85 points, or 0.74 per cent.
