Quality RO Industries Ltd. debuts with 2.45% premium at Rs 52.25
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Quality RO Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 52.25 on the Bombay Stock Exchange, a 2.45 per cent premium to its issue price of Rs 51.00. The company, which raised 0.05 Cr from initial public offering, was subscribed 4.91 times, receiving bids for 26.02 lakhs shares against the total issue size of 5.30 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 27 to Feb 01. 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 . Shreni Shares Pvt. Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 57,808.58, up 187.39 points, or 0.32 per cent.
