Shankar Lal Rampal Dye-Chem Ltd. debuts with 2.55% premium at Rs 46.15
24/12/2018 20:30
Shankar Lal Rampal Dye-Chem Ltd. makes a strong debut on the bourses with scrip got listed at Rs 46.15 on the Bombay Stock Exchange, a 2.55 per cent premium to its issue price of Rs 45.00.

The company, which raised 0.16 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 16.20 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Dec 12 to Dec 14.

Following a strong opening, the scrip touched an intraday high of Rs 47.10 and a low of Rs 46.05, before closing the session up by 4.00 per cent to its listing price at Rs 46.80 on the BSE.

The company anticipates using the proceeds of the issue for A To meet the working requirement of the company,B To meet the Issue Expenses.

Finshore Management Services Ltd. as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 35,470.15, down 271.92 points, or 0.76 per cent.