Prudent Corporate Advisory Services Ltd. debuts with 4.76% premium at Rs 660.00
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Prudent Corporate Advisory Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 660.00 on the Bombay Stock Exchange, a 4.76 per cent premium to its issue price of Rs 630.00. On the National Stock Exchange, the stock was listed at Rs 650.00. The company, which raised 0.85 Cr from initial public offering, was subscribed 0.83 times, receiving bids for 71.34 lakhs shares against the total issue size of 85.49 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscription from May 10 to May 12.
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.,Equirus Capital Private Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 52,792.23, down 1,416.30 points, or 2.61 per cent.
