Sabar Flex India Ltd. debuts with 90.90% premium at Rs 21.00
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Sabar Flex India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 21.00 on the Bombay Stock Exchange, a 90.90 per cent premium to its issue price of Rs 11.00. On the National Stock Exchange, the stock was listed at Rs 21.00. The company, which raised 0.41 Cr from initial public offering, was subscribed 78.62 times, receiving bids for 3,199.83 lakhs shares against the total issue size of 40.70 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 08 to Sep 13. 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 . GYR CAPITAL ADVISORS PRIVATE LIMITED as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 17,816.25, up 194.00 points, or 1.10 per cent.
