Ishan International Ltd. debuts with 2.50% premium at Rs 82.00
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Ishan International Ltd. makes a strong debut on the bourses with scrip got listed at Rs 82.00 on the Bombay Stock Exchange, a 2.50 per cent premium to its issue price of Rs 80.00. On the National Stock Exchange, the stock was listed at Rs 82.00. The company, which raised 0.23 Cr from initial public offering, was subscribed 1.51 times, receiving bids for 34.38 lakhs shares against the total issue size of 22.80 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 09 to Sep 14. 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 ) Funding the Proposed Joint Venture and/or Acquisition) To meet the Working Capital requirements) General Corporate Expenses. FIRST OVERSEAS CAPITAL LIMITED as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,718.35, down 97.90 points, or 0.54 per cent.
