Deccan Health Care Ltd. debuts with 8.00% premium at Rs 108.00
31/12/2018 19:30
Deccan Health Care Ltd. makes a strong debut on the bourses with scrip got listed at Rs 108.00 on the Bombay Stock Exchange, a 8.00 per cent premium to its issue price of Rs 100.00.

The company, which raised 0.42 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 42.12 lakhs shares.

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

Following a strong opening, the scrip touched an intraday high of Rs 113.40 and a low of Rs 108.00, before closing the session up by 13.40 per cent to its listing price at Rs 113.40 on the BSE.

The company anticipates using the proceeds of the issue for Repayment/Prepayment of certain Secured Borrowings availed by the Company; Purchase of Plant & Machinery and related civil work; 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 BSE Sensex closed trade at 36,068.33, down 8.39 points, or 0.02 per cent.