Supershakti Metaliks Ltd. debuts with 0.56% premium at Rs 377.10
30/07/2018 21:30
Supershakti Metaliks Ltd. makes a strong debut on the bourses with scrip got listed at Rs 377.10 on the Bombay Stock Exchange, a 0.56 per cent premium to its issue price of Rs 375.00.

The company, which raised 0.16 Cr from initial public offering, was subscribed 1.07 times, receiving bids for 17.12 lakhs shares against the total issue size of 16.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jul 17 to Jul 20.

Following a strong opening, the scrip touched an intraday high of Rs 379.00 and a low of Rs 375.50, before closing the session up by 0.40 per cent to its listing price at Rs 376.50 on the BSE.

The company anticipates using the proceeds of the issue for (a) Working Capital Requirements,(b) Funding expenditure for General Corporate Purposes.

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 37,494.40, up 157.55 points, or 0.42 per cent.