Innovatus Entertainment Networks Ltd. makes a flat debut on the bourses with scrip got listed at Rs 50.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 50.00.
The company, which raised 0.15 Cr from initial public offering, was subscribed 100.22 times, receiving bids for 1,551.41 lakhs shares against the total issue size of 15.48 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jul 25 to Jul 27.
Following a flat 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 BSE.
The company anticipates using the proceeds of the issue for .
Inventure Merchant Banker Services Pvt. Ltd. as lead managers & PURVA SHAREGISTRY (INDIA) PVT LTD. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 65,240.68, down 542.10 points, or 0.82 per cent.