Khazanchi Jewellers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 142.30 on the Bombay Stock Exchange, a 1.64 per cent premium to its issue price of Rs 140.00.
The company, which raised 0.69 Cr from initial public offering, was subscribed 2.14 times, receiving bids for 147.87 lakhs shares against the total issue size of 69.10 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jul 24 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 BSE.
The company anticipates using the proceeds of the issue for .
Mark Corporate Advisors Pvt. Ltd. as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 65,721.25, up 480.57 points, or 0.73 per cent.