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Category :
IPO
Headline :
Rappid Valves (India) Ltd. debuts with 40.54% premium at Rs 312.00
Date:
30/09/2024 10:10
Rappid Valves (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 312.00 on the Bombay Stock Exchange, a 40.54 per cent premium to its issue price of Rs 222.00. On the National Stock Exchange, the stock was listed at Rs 312.00.
The company, which raised 0.14 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 13.70 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.
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 .
Asha Agarwal & Associates as lead managers & Link Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 26,178.95, down 37.10 points, or 0.14 per cent.
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