Jeena Sikho Lifecare Ltd. debuts with 10.06% premium at Rs 165.10
Jeena Sikho Lifecare Ltd. makes a strong debut on the bourses with scrip got listed at Rs 165.10 on the Bombay Stock Exchange, a 10.06 per cent premium to its issue price of Rs 150.00. On the National Stock Exchange, the stock was listed at Rs 165.10. The company, which raised 0.37 Cr from initial public offering, was subscribed 1.84 times, receiving bids for 68.08 lakhs shares against the total issue size of 37.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 30 to Apr 07. Following a strong opening, the scrip touched an intraday high of Rs 173.35 and a low of Rs 162.25, before closing the session up by 15.56 per cent to its listing price at Rs 173.35 on the NSE. The company anticipates using the proceeds of the issue for To undertake marketing and sales promotion To repay shortterm loan To meet out the Working Capital requirements of the Company To meet out the General Corporate Purposes To meet out the 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 16,958.65, down 215.00 points, or 1.25 per cent.
