KFIN Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 369.00 on the Bombay Stock Exchange, a 0.81 per cent premium to its issue price of Rs 366.00. On the National Stock Exchange, the stock was listed at Rs 367.00.
The company, which raised 4.10 Cr from initial public offering, was subscribed 1.97 times, receiving bids for 807.38 lakhs shares against the total issue size of 409.84 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Dec 19 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 BSE.
The company anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,JP Morgan India Private Limited.,Jefferies India Pvt. Ltd.,Kotak Mahindra Capital Company Limited,IIFL Securities Limited as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 60,910.28, down 17.15 points, or 0.02 per cent.