Mahip Industries Ltd. debuts with 0.00% discount at Rs 32.00
12/03/2019 21:40
Mahip Industries Ltd. makes a flat debut on the bourses with scrip got listed at Rs 32.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 32.00.

The company, which raised 0.52 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 51.96 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 26 to Mar 01.

Following a flat opening, the scrip touched an intraday high of Rs 33.60 and a low of Rs 32.00, before closing the session up by 5.00 per cent to its listing price at Rs 33.60 on the BSE.

The company anticipates using the proceeds of the issue for Funding the working capital requirements of the Company, General corporate purposes, Issue Related Expenses.

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 37,535.66, up 481.56 points, or 1.29 per cent.