Roopshri Resorts Ltd. debuts with 1.25% premium at Rs 20.25
02/04/2019 10:30
Roopshri Resorts Ltd. makes a strong debut on the bourses with scrip got listed at Rs 20.25 on the Bombay Stock Exchange, a 1.25 per cent premium to its issue price of Rs 20.00.

The company, which raised 0.18 Cr from initial public offering, was subscribed 1.03 times, receiving bids for 18.54 lakhs shares against the total issue size of 18.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 19 to Mar 22.

Following a strong opening, the scrip touched an intraday high of Rs 20.25 and a low of Rs 20.25, before closing the session up by 1.25 per cent to its listing price at Rs 20.25 on the BSE.

The company anticipates using the proceeds of the issue for • Repayment of Loans,• Repairs and Restoration of Hotel Alexander at Matheran,• General Corporate Purposes,• Issue Expenses.

Aryaman Financial Services Limited,BCB BROKERAGE PRIVATE LIMITED as lead managers & BIGSHARE SERVICES PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 38,871.87, up 198.96 points, or 0.51 per cent.