Sapphire Foods India Ltd. debuts with 11.10% premium at Rs 1,311.00
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Sapphire Foods India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,311.00 on the Bombay Stock Exchange, a 11.10 per cent premium to its issue price of Rs 1,180.00. On the National Stock Exchange, the stock was listed at Rs 1,350.00. The company, which raised 1.76 Cr from initial public offering, was subscribed 0 times,
receiving bids for 0 lakhs shares against the total issue size of 175.70 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscription from Nov 09 to Nov 11. 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 .
JM Financial Ltd.,ICICI Securities Limited,IIFL Securities Limited,BofA Securities India Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 60,008.33, down 314.04 points, or 0.52 per cent.
