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Category :
IPO
Headline :
Srivasavi Adhesive Tapes Ltd. debuts with 2.43% discount at Rs 40.00
Date:
09/03/2023 10:00
Srivasavi Adhesive Tapes Ltd. makes a weak debut on the bourses with scrip got listed at Rs 40.00 on the Bombay Stock Exchange, a 2.43 per cent discount to its issue price of Rs 41.00. On the National Stock Exchange, the stock was listed at Rs 40.00.
The company, which raised 0.38 Cr from initial public offering, was subscribed 7.05 times, receiving bids for 266.49 lakhs shares against the total issue size of 37.80 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 23 to Feb 28.
Following a weak 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 .
Shreni Shares Pvt. Ltd. as lead managers & is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,754.40, up 42.95 points, or 0.24 per cent.
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