|
Category :
IPO
Headline :
Viaz Tyres Ltd. debuts with 9.67% premium at Rs 68.00
Date:
01/03/2023 22:30
Viaz Tyres Ltd. makes a strong debut on the bourses with scrip got listed at Rs 68.00 on the Bombay Stock Exchange, a 9.67 per cent premium to its issue price of Rs 62.00. On the National Stock Exchange, the stock was listed at Rs 68.00.
The company, which raised 0.32 Cr from initial public offering, was subscribed 5.53 times, receiving bids for 178.40 lakhs shares against the total issue size of 32.26 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 16 to Feb 21.
Following a strong opening, the scrip touched an intraday high of Rs 71.40 and a low of Rs 68.00, before closing the session up by 9.75 per cent to its listing price at Rs 68.05 on the NSE.
The company anticipates using the proceeds of the issue for .
Beeline Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,450.90, up 146.95 points, or 0.84 per cent.
|