News Details
Category : IPO
Headline : Macfos Ltd. debuts with 80.39% premium at Rs 184.00
Date: 01/03/2023 21:00
Macfos Ltd. makes a strong debut on the bourses with scrip got listed at Rs 184.00 on the Bombay Stock Exchange, a 80.39 per cent premium to its issue price of Rs 102.00.

The company, which raised 0.23 Cr from initial public offering, was subscribed 270.84 times, receiving bids for 6,305.16 lakhs shares against the total issue size of 23.28 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 17 to Jan 21.

Following a strong opening, the scrip touched an intraday high of Rs 184.00 and a low of Rs 174.80, before closing the session up by 71.37 per cent to its listing price at Rs 174.80 on the BSE.

The company anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 59,411.08, up 448.96 points, or 0.76 per cent.