Le Merite Exports Ltd. debuts with 0.00% discount at Rs 75.00
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Le Merite Exports Ltd. makes a flat debut on the bourses with scrip got listed at Rs 75.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 75.00. On the National Stock Exchange, the stock was listed at Rs 75.00. The company, which raised 0.64 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 64.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 25 to Apr 28. Following a flat 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 . Fedex Securities Private Limited as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 16,411.25, down 271.40 points, or 1.62 per cent.
