KHFM Hospitality & Facility Management Services Ltd. debuts with 1.38% premium at Rs 36.50
12/04/2019 20:30
KHFM Hospitality & Facility Management Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 36.50 on the Bombay Stock Exchange, a 1.38 per cent premium to its issue price of Rs 36.00. On the National Stock Exchange, the stock was listed at Rs 36.50.

The company, which raised 0.30 Cr from initial public offering, was subscribed 1.02 times, receiving bids for 30.09 lakhs shares against the total issue size of 29.50 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 22 to Apr 04.

Following a strong opening, the scrip touched an intraday high of Rs 36.50 and a low of Rs 35.95, before closing the session up by 0.27 per cent to its listing price at Rs 36.10 on the NSE.

The company anticipates using the proceeds of the issue for Meeting additional Working Capital Requirement, General Corporate Purpose.

Bonanza Portfolio Ltd. as lead managers & Bigshare Services Pvt Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 11,643.45, up 46.75 points, or 0.40 per cent.