Chaman Metallics Ltd. makes a strong debut on the bourses with scrip got listed at Rs 68.00 on the Bombay Stock Exchange, a 78.94 per cent premium to its issue price of Rs 38.00. On the National Stock Exchange, the stock was listed at Rs 68.00.
The company, which raised 0.64 Cr from initial public offering, was subscribed 197.48 times, receiving bids for 12,583.43 lakhs shares against the total issue size of 63.72 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jan 04 to Jan 06.
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 .
Hem Securities Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,956.60, up 98.40 points, or 0.55 per cent.