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Category :
IPO
Headline :
Chatha Foods Ltd. debuts with 30.35% premium at Rs 73.00
Date:
27/03/2024 10:30
Chatha Foods Ltd. makes a strong debut on the bourses with scrip got listed at Rs 73.00 on the Bombay Stock Exchange, a 30.35 per cent premium to its issue price of Rs 56.00.
The company, which raised 0.60 Cr from initial public offering, was subscribed 13.29 times, receiving bids for 792.35 lakhs shares against the total issue size of 59.62 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 19 to Mar 21.
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 BSE.
The company anticipates using the proceeds of the issue for .
Indorient Financial Services Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 72,470.30, down 361.64 points, or 0.49 per cent.
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