Shera Energy Ltd. makes a strong debut on the bourses with scrip got listed at Rs 64.10 on the Bombay Stock Exchange, a 12.45 per cent premium to its issue price of Rs 57.00. On the National Stock Exchange, the stock was listed at Rs 64.10.
The company, which raised 0.62 Cr from initial public offering, was subscribed 50.68 times, receiving bids for 3,130.00 lakhs shares against the total issue size of 61.76 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 07 to Feb 09.
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 .
HOLANI CONSULTANTS PVT. LTD. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 18,035.85, up 20.00 points, or 0.11 per cent.