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Category :
IPO
Headline :
Tunwal E-Motors Ltd. debuts with 8.47% premium at Rs 64.00
Date:
23/07/2024 10:10
Tunwal E-Motors Ltd. makes a strong debut on the bourses with scrip got listed at Rs 64.00 on the Bombay Stock Exchange, a 8.47 per cent premium to its issue price of Rs 59.00. On the National Stock Exchange, the stock was listed at Rs 64.00.
The company, which raised 1.96 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 196.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 15 to Jul 18.
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 .
Horizon Management Pvt. Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 24,509.25, down 21.65 points, or 0.08 per cent.
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