Pace E-Commerce Ventures Ltd. debuts with 1.45% premium at Rs 104.50
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Pace E-Commerce Ventures Ltd. makes a strong debut on the bourses with scrip got listed at Rs 104.50 on the Bombay Stock Exchange, a 1.45 per cent premium to its issue price of Rs 103.00. The company, which raised 0.65 Cr from initial public offering, was subscribed 1.32 times, receiving bids for 85.27 lakhs shares against the total issue size of 64.60 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 29 to Oct 13.
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 . Interactive Financial Services Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 59,107.19, up 146.59 points, or 0.24 per cent.
