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Category :
IPO
Headline :
Fone4 Communications (India) Ltd. debuts with 0.00% discount at Rs 10.00
Date:
06/05/2022 10:10
Fone4 Communications (India) Ltd. makes a flat debut on the bourses with scrip got listed at Rs 10.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 10.00.
The company, which raised 0.68 Cr from initial public offering, was subscribed 9.89 times, receiving bids for 672.52 lakhs shares against the total issue size of 68.00 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Apr 25 to Apr 27.
Following a flat 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 .
Finshore Management Services Ltd. as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 55,702.23, up 33.20 points, or 0.05 per cent.
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