Swastika Infra Ltd. makes a strong debut on the bourses with scrip got listed at Rs 200.00 on the Bombay Stock Exchange, a 8.10 per cent premium to its issue price of Rs 185.00. On the National Stock Exchange, the stock was listed at Rs 200.00.
The company, which raised 0.87 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 86.96 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.
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 .
Srujan Alpha Capital Advisors LLP,PhillipCapital (India) Pvt. Ltd.,Srujan Alpha Capital Advisors LLP as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 72,529.07, down 242.65 points, or 0.33 per cent.