MAC Hotels Ltd. debuts with 2.50% premium at Rs 24.60
04/10/2018 20:10
MAC Hotels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 24.60 on the Bombay Stock Exchange, a 2.50 per cent premium to its issue price of Rs 24.00.

The company, which raised 0.08 Cr from initial public offering, was subscribed 1.44 times, receiving bids for 11.66 lakhs shares against the total issue size of 8.10 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 19 to Sep 25.

Following a strong opening, the scrip touched an intraday high of Rs 25.80 and a low of Rs 24.60, before closing the session up by 7.50 per cent to its listing price at Rs 25.80 on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 35,169.16, down 806.47 points, or 2.24 per cent.