News Details
Category : IPO
Headline : ITCONS E-Solutions Ltd. debuts with 7.86% discount at Rs 46.99
Date: 13/03/2023 14:40
ITCONS E-Solutions Ltd. makes a weak debut on the bourses with scrip got listed at Rs 46.99 on the Bombay Stock Exchange, a 7.86 per cent discount to its issue price of Rs 51.00.

The company, which raised 0.17 Cr from initial public offering, was subscribed 15.69 times, receiving bids for 266.73 lakhs shares against the total issue size of 17.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 28 to Mar 02.

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 BSE.

The company anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 59,135.13, down 671.15 points, or 1.12 per cent.