Service Care Ltd. makes a strong debut on the bourses with scrip got listed at Rs 70.90 on the Bombay Stock Exchange, a 5.82 per cent premium to its issue price of Rs 67.00. On the National Stock Exchange, the stock was listed at Rs 70.90.
The company, which raised 0.31 Cr from initial public offering, was subscribed 10.38 times, receiving bids for 320.33 lakhs shares against the total issue size of 30.86 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 14 to Jul 18.
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 .
SWASTIKA INVESTMART LIMITED as lead managers & Integrated Registry Management Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,680.60, up 8.25 points, or 0.04 per cent.