Safa Systems & Technologies Ltd. debuts with 65.50% premium at Rs 16.55
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Safa Systems & Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 16.55 on the Bombay Stock Exchange, a 65.50 per cent premium to its issue price of Rs 10.00. The company, which raised 0.40 Cr from initial public offering, was subscribed 44.56 times, receiving bids for 1,782.40 lakhs shares against the total issue size of 40.00 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 28 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 . Finshore Management Services Ltd. as lead managers & CAMEO CORPORATE SERVICES 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.
