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Category :
IPO
Headline :
Pattech Fitwell Tube Components Ltd. debuts with 10.00% premium at Rs 55.00
Date:
21/04/2023 11:10
Pattech Fitwell Tube Components Ltd. makes a strong debut on the bourses with scrip got listed at Rs 55.00 on the Bombay Stock Exchange, a 10.00 per cent premium to its issue price of Rs 50.00. On the National Stock Exchange, the stock was listed at Rs 55.00.
The company, which raised 0.24 Cr from initial public offering, was subscribed 1.95 times, receiving bids for 46.80 lakhs shares against the total issue size of 24.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 05 to Apr 12.
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 Funding the working capital requirements General corporate purposes.
Fedex Securities Private Limited as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 17,624.45, up 5.70 points, or 0.03 per cent.
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