Sungarner Energies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 250.00 on the Bombay Stock Exchange, a 201.20 per cent premium to its issue price of Rs 83.00. On the National Stock Exchange, the stock was listed at Rs 250.00.
The company, which raised 0.06 Cr from initial public offering, was subscribed 138.00 times, receiving bids for 883.20 lakhs shares against the total issue size of 6.40 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 21 to Aug 23.
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 .
Fast Track Finsec Private Limited as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,347.45, up 4.80 points, or 0.02 per cent.