News Details
Category : IPO
Headline : MOS Utility Ltd. debuts with 18.42% premium at Rs 90.00
Date: 18/04/2023 09:50
MOS Utility Ltd. makes a strong debut on the bourses with scrip got listed at Rs 90.00 on the Bombay Stock Exchange, a 18.42 per cent premium to its issue price of Rs 76.00. On the National Stock Exchange, the stock was listed at Rs 90.00.

The company, which raised 0.62 Cr from initial public offering, was subscribed 82.44 times, receiving bids for 5,148.21 lakhs shares against the total issue size of 62.45 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 31 to Apr 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 .

Unistone Capital Pvt. Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 17,706.85, down 121.15 points, or 0.67 per cent.