Sumit Woods Ltd. debuts with 4.44% premium at Rs 47.00
10/09/2018 18:24
Sumit Woods Ltd. makes a strong debut on the bourses with scrip got listed at Rs 47.00 on the Bombay Stock Exchange, a 4.44 per cent premium to its issue price of Rs 45.00. On the National Stock Exchange, the stock was listed at Rs 47.00.

The company, which raised 0.41 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 40.53 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 29 to Aug 31.

Following a strong opening, the scrip touched an intraday high of Rs 48.90 and a low of Rs 47.00, before closing the session up by 6.55 per cent to its listing price at Rs 47.95 on the NSE.

The company anticipates using the proceeds of the issue for .

Mark Corporate Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 11,438.10, down 151.00 points, or 1.30 per cent.