M. K. Sons Fine Jewels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 171.60 on the Bombay Stock Exchange, a 5.92 per cent premium to its issue price of Rs 162.00. On the National Stock Exchange, the stock was listed at Rs 171.00.
The company, which raised 1.70 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 170.00 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Oct 28 to Oct 30.
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 .
ARYAMAN FINANCIAL SERVICES LIMITED as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 76,917.85, up 1,225.07 points, or 1.61 per cent.