Globesecure Technologies Ltd. debuts with 25.86% premium at Rs 36.50
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Globesecure Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 36.50 on the Bombay Stock Exchange, a 25.86 per cent premium to its issue price of Rs 29.00. On the National Stock Exchange, the stock was listed at Rs 36.50. The company, which raised 0.35 Cr from initial public offering, was subscribed 13.71 times, receiving bids for 478.75 lakhs shares against the total issue size of 34.92 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from May 23 to May 25. 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 To part finance the Working Capital Requirements General Corporate Purposes To meet Issue Expenses. Fast Track Finsec Private Limited as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 16,522.75, down 61.80 points, or 0.37 per cent.
