Richa Info Systems Ltd. debuts with 0.00% discount at Rs 125.00
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Richa Info Systems Ltd. makes a flat debut on the bourses with scrip got listed at Rs 125.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 125.00. On the National Stock Exchange, the stock was listed at Rs 125.00. The company, which raised 0.08 Cr from initial public offering, was subscribed 3.03 times, receiving bids for 24.25 lakhs shares against the total issue size of 8.00 lakhs shares. The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 09 to Feb 11. Following a flat opening, the scrip touched an intraday high of Rs 127.00 and a low of Rs 118.75, before closing the session up by 5.00 per cent to its listing price at Rs 118.75 on the NSE. The company anticipates using the proceeds of the issue for . SWASTIKA INVESTMART LIMITED as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,206.65, down 69.65 points, or 0.40 per cent.
