Pramodini Medicare Ltd. makes a strong debut on the bourses with scrip got listed at Rs 120.00 on the Bombay Stock Exchange, a 1.69 per cent premium to its issue price of Rs 118.00. On the National Stock Exchange, the stock was listed at Rs 120.00.
The company, which raised 0.59 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 58.51 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 12 to Aug 14.
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 .
Smart Horizon Capital Advisors Pvt. Ltd. as lead managers & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 24,154.90, down 132.75 points, or 0.54 per cent.