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News Details

( As on 26/05/2023 10:00)

Krishca Strapping Solutions Ltd debuts with 120.00% premium at Rs 118.80

Krishca Strapping Solutions Ltd makes a strong debut on the bourses with scrip got listed at Rs 118.80 on the Bombay Stock Exchange, a 120.00 per cent premium to its issue price of Rs 54.00. On the National Stock Exchange, the stock was listed at Rs 118.80.

The company, which raised 0.36 Cr from initial public offering, was subscribed 337.58 times, receiving bids for 12,220.40 lakhs shares against the total issue size of 36.20 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from May 16 to May 19.

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 .

Share India Capital Services Pvt. Ltd. as lead managers & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 18,321.15, up 35.75 points, or 0.19 per cent.