Pramara Promotions Ltd. makes a strong debut on the bourses with scrip got listed at Rs 111.00 on the Bombay Stock Exchange, a 76.19 per cent premium to its issue price of Rs 63.00. On the National Stock Exchange, the stock was listed at Rs 111.00.
The company, which raised 0.24 Cr from initial public offering, was subscribed 24.06 times, receiving bids for 583.21 lakhs shares against the total issue size of 24.24 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 01 to Sep 05.
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 .
Fedex Securities Private Limited as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,993.20, down 3.15 points, or 0.01 per cent.