Hariom Pipe Industries Ltd. debuts with 39.86% premium at Rs 214.00
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Hariom Pipe Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 214.00 on the Bombay Stock Exchange, a 39.86 per cent premium to its issue price of Rs 153.00. On the National Stock Exchange, the stock was listed at Rs 220.00. The company, which raised 0.85 Cr from initial public offering, was subscribed 6.13 times, receiving bids for 521.05 lakhs shares against the total issue size of 85.00 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Mar 30 to Apr 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 BSE. The company anticipates using the proceeds of the issue for . ITI Capital Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 58,576.37, down 388.20 points, or 0.65 per cent.
