Uma Converter Ltd. debuts with 3.78% premium at Rs 34.25
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Uma Converter Ltd. makes a strong debut on the bourses with scrip got listed at Rs 34.25 on the Bombay Stock Exchange, a 3.78 per cent premium to its issue price of Rs 33.00. On the National Stock Exchange, the stock was listed at Rs 34.25. The company, which raised 0.56 Cr from initial public offering, was subscribed 15.41 times, receiving bids for 859.88 lakhs shares against the total issue size of 55.80 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 15 to Dec 21. 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 18,122.50, down 9.80 points, or 0.05 per cent.
