Jonjua Overseas Ltd. debuts with 20.00% premium at Rs 12.00
26/02/2019 14:00
Jonjua Overseas Ltd. makes a strong debut on the bourses with scrip got listed at Rs 12.00 on the Bombay Stock Exchange, a 20.00 per cent premium to its issue price of Rs 10.00.

The company, which raised 0.13 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 13.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 12 to Feb 15.

Following a strong opening, the scrip touched an intraday high of Rs 12.00 and a low of Rs 11.40, before closing the session up by 14.00 per cent to its listing price at Rs 11.40 on the BSE.

The company anticipates using the proceeds of the issue for To Meet working capital requirement,To meet the Issue Expenses,To meet General corporate purpose.

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 36,213.38, up 341.90 points, or 0.95 per cent.