SKP Bearing Industries Ltd. debuts with 4.28% premium at Rs 73.00
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SKP Bearing Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 73.00 on the Bombay Stock Exchange, a 4.28 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 73.00. The company, which raised 0.44 Cr from initial public offering, was subscribed 8.67 times, receiving bids for 381.48 lakhs shares against the total issue size of 44.00 lakhs shares. The company, listed under ST Group Securities post its IPO, opened for subscription from Jun 30 to Jul 05.
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 NSE. The company anticipates using the proceeds of the issue for . Shreni Shares Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 16,058.30, down 157.70 points, or 0.97 per cent.
