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Category :
IPO
Headline :
De Neers Tools Ltd. debuts with 88.11% premium at Rs 190.00
Date:
11/05/2023 10:20
De Neers Tools Ltd. makes a strong debut on the bourses with scrip got listed at Rs 190.00 on the Bombay Stock Exchange, a 88.11 per cent premium to its issue price of Rs 101.00. On the National Stock Exchange, the stock was listed at Rs 190.00.
The company, which raised 0.23 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 22.76 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 28 to May 03.
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 .
Khambatta Securities Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 18,315.10, up 49.15 points, or 0.26 per cent.
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