Zeal Global Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 147.00 on the Bombay Stock Exchange, a 42.71 per cent premium to its issue price of Rs 103.00. On the National Stock Exchange, the stock was listed at Rs 147.00.
The company, which raised 0.35 Cr from initial public offering, was subscribed 5.55 times, receiving bids for 196.47 lakhs shares against the total issue size of 35.40 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 28 to Aug 01.
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 .
Expert Global Consultants Pvt. Ltd. as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,570.85, down 26.45 points, or 0.13 per cent.