TCNS Clothing Co. Ltd. debuts with 0.13% discount at Rs 715.00
30/07/2018 21:30
TCNS Clothing Co. Ltd. makes a weak debut on the bourses with scrip got listed at Rs 715.00 on the Bombay Stock Exchange, a 0.13 per cent discount to its issue price of Rs 716.00. On the National Stock Exchange, the stock was listed at Rs 716.00.

The company, which raised 1.57 Cr from initial public offering, was subscribed 3.97 times, receiving bids for 623.85 lakhs shares against the total issue size of 157.14 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 18 to Jul 20.

Following a weak opening, the scrip touched an intraday high of Rs 724.50 and a low of Rs 626.60, before closing the session up by 8.12 per cent to its listing price at Rs 657.80 on the BSE.

The company anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Ltd.,Citigroup Global Markets India Private Limited as lead managers & KARVY COMPUTERSHARE PRIVATE LIMITED 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.