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Category :
IPO
Headline :
Trust Fintech Ltd. debuts with 41.83% premium at Rs 143.25
Date:
04/04/2024 11:10
Trust Fintech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 143.25 on the Bombay Stock Exchange, a 41.83 per cent premium to its issue price of Rs 101.00. On the National Stock Exchange, the stock was listed at Rs 143.25.
The company, which raised 0.63 Cr from initial public offering, was subscribed 101.05 times, receiving bids for 6,347.96 lakhs shares against the total issue size of 62.82 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 26 to Mar 28.
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 .
Corporate Capitalventures Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 22,434.65, down 18.65 points, or 0.08 per cent.
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