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Category :
IPO
Headline :
Popular Vehicles and Services Ltd. debuts with 1.01% discount at Rs 292.00
Date:
20/03/2024 07:00
Popular Vehicles and Services Ltd. makes a weak debut on the bourses with scrip got listed at Rs 292.00 on the Bombay Stock Exchange, a 1.01 per cent discount to its issue price of Rs 295.00. On the National Stock Exchange, the stock was listed at Rs 289.20.
The company, which raised 2.04 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 203.92 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Mar 12 to Mar 14.
Following a weak opening, the scrip touched an intraday high of Rs 292.00 and a low of Rs 262.90, before closing the session up by 6.35 per cent to its listing price at Rs 276.25 on the BSE.
The company anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,CENTRUM CAPITAL LTD,Nuvama Wealth Management Ltd. as lead managers & Link Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 72,012.05, down 736.37 points, or 1.01 per cent.
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