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Category :
IPO
Headline :
Systango Technologies Ltd debuts with 8.88% premium at Rs 98.00
Date:
15/03/2023 10:10
Systango Technologies Ltd makes a strong debut on the bourses with scrip got listed at Rs 98.00 on the Bombay Stock Exchange, a 8.88 per cent premium to its issue price of Rs 90.00. On the National Stock Exchange, the stock was listed at Rs 98.00.
The company, which raised 0.39 Cr from initial public offering, was subscribed 86.27 times, receiving bids for 3,337.61 lakhs shares against the total issue size of 38.69 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 02 to Mar 06.
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 .
Hem Securities Ltd as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,043.30, down 111.00 points, or 0.64 per cent.
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