Paradeep Phosphates Ltd. debuts with 3.69% premium at Rs 43.55
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Paradeep Phosphates Ltd. makes a strong debut on the bourses with scrip got listed at Rs 43.55 on the Bombay Stock Exchange, a 3.69 per cent premium to its issue price of Rs 42.00. On the National Stock Exchange, the stock was listed at Rs 44.00. The company, which raised 35.76 Cr from initial public offering, was subscribed 1.42 times, receiving bids for 5,062.62 lakhs shares against the total issue size of 3,575.55 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from May 17 to May 19. 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 . ICICI SECURITIES LTD,Axis Capital Ltd.,JM Financial Ltd.,SBI Capital Markets Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 54,252.53, up 503.27 points, or 0.93 per cent.
