Gayatri Rubbers and Chemicals Ltd. makes a strong debut on the bourses with scrip got listed at Rs 35.00 on the Bombay Stock Exchange, a 16.66 per cent premium to its issue price of Rs 30.00. On the National Stock Exchange, the stock was listed at Rs 35.00.
The company, which raised 0.15 Cr from initial public offering, was subscribed 35.98 times, receiving bids for 549.77 lakhs shares against the total issue size of 15.28 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jan 25 to Jan 30.
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 .
Khambatta Securities Ltd. as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,764.60, down 89.45 points, or 0.50 per cent.