Shri Techtex Ltd. makes a strong debut on the bourses with scrip got listed at Rs 81.15 on the Bombay Stock Exchange, a 33.03 per cent premium to its issue price of Rs 61.00. On the National Stock Exchange, the stock was listed at Rs 81.15.
The company, which raised 0.74 Cr from initial public offering, was subscribed 149.74 times, receiving bids for 11,080.76 lakhs shares against the total issue size of 74.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 26 to Jul 28.
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 .
Beeline Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,381.65, down 144.90 points, or 0.74 per cent.