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News Details

( As on 23/04/2024 11:50)

Ramdevbaba Solvent Ltd. debuts with 31.76% premium at Rs 112.00

Ramdevbaba Solvent Ltd. makes a strong debut on the bourses with scrip got listed at Rs 112.00 on the Bombay Stock Exchange, a 31.76 per cent premium to its issue price of Rs 85.00. On the National Stock Exchange, the stock was listed at Rs 112.00.

The company, which raised 0.59 Cr from initial public offering, was subscribed 128.03 times, receiving bids for 7,571.18 lakhs shares against the total issue size of 59.14 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 15 to Apr 18.

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 .

Choice Capital Advisors Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 22,336.40, up 189.40 points, or 0.85 per cent.