News Details
Category : IPO
Headline : Nanavati Ventures Ltd. debuts with 0.00% discount at Rs 50.00
Date: 06/05/2022 10:10
Nanavati Ventures Ltd. makes a flat debut on the bourses with scrip got listed at Rs 50.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 50.00.

The company, which raised 0.04 Cr from initial public offering, was subscribed 17.71 times, receiving bids for 77.22 lakhs shares against the total issue size of 4.36 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 .

FIRST OVERSEAS CAPITAL LIMITED as lead managers & KFIN Technologies Pvt. 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.