Robokidz Eduventures Ltd. makes a strong debut on the bourses with scrip got listed at Rs 201.40 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 106.00.
The company, which raised 0.29 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 29.33 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 21 to Sep 23.
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 BSE.
The company anticipates using the proceeds of the issue for Funding the working capital requirements of the company Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company To meet General corporate purposes.
GYR Capital Advisors Pvt. Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 73,895.74, up 315.20 points, or 0.42 per cent.