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News Details

( As on 20/03/2024 10:20)

AVP Infracon Ltd. debuts with 5.33% premium at Rs 79.00

AVP Infracon Ltd. makes a strong debut on the bourses with scrip got listed at Rs 79.00 on the Bombay Stock Exchange, a 5.33 per cent premium to its issue price of Rs 75.00. On the National Stock Exchange, the stock was listed at Rs 79.00.

The company, which raised 0.70 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 69.79 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 13 to Mar 15.

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 PVT LTD. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 21,817.45, down 238.25 points, or 1.08 per cent.