Vinny Overseas Ltd. debuts with 1.25% premium at Rs 40.50
11/10/2018 21:40
Vinny Overseas Ltd. makes a strong debut on the bourses with scrip got listed at Rs 40.50 on the Bombay Stock Exchange, a 1.25 per cent premium to its issue price of Rs 40.00. On the National Stock Exchange, the stock was listed at Rs 40.50.

The company, which raised 0.26 Cr from initial public offering, was subscribed 1.53 times, receiving bids for 39.66 lakhs shares against the total issue size of 25.92 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 28 to Oct 03.

Following a strong opening, the scrip touched an intraday high of Rs 42.50 and a low of Rs 40.50, before closing the session up by 6.00 per cent to its listing price at Rs 42.40 on the NSE.

The company anticipates using the proceeds of the issue for Funding the working capital requirements of the Company; and, General corporate purposes.

Pantomath Capital 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 10,234.65, down 225.45 points, or 2.15 per cent.