Pearl Green Clubs and Resorts Ltd. debuts with 1.63% premium at Rs 189.05
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Pearl Green Clubs and Resorts Ltd. makes a strong debut on the bourses with scrip got listed at Rs 189.05 on the Bombay Stock Exchange, a 1.63 per cent premium to its issue price of Rs 186.00. The company, which raised 0.06 Cr from initial public offering, was subscribed 1.47 times, receiving bids for 9.26 lakhs shares against the total issue size of 6.30 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 27 to Jun 29. 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 To meet out the Capital Expenditure 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 & CAMEO CORPORATE SERVICES LTD. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 53,750.97, up 616.62 points, or 1.16 per cent.
