KCK Industries Ltd. debuts with 16.66% discount at Rs 25.00
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KCK Industries Ltd. makes a weak debut on the bourses with scrip got listed at Rs 25.00 on the Bombay Stock Exchange, a 16.66 per cent discount to its issue price of Rs 30.00. On the National Stock Exchange, the stock was listed at Rs 25.00. The company, which raised 0.15 Cr from initial public offering, was subscribed 5.62 times, receiving bids for 84.30 lakhs shares against the total issue size of 15.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jun 27 to Jun 30. Following a weak 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 . NAVIGANT CORPORATE ADVISORS LIMITED as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 16,132.90, up 143.10 points, or 0.89 per cent.
