SBC Exports Ltd. debuts with 0.00% discount at Rs 22.00
04/07/2019 21:50
SBC Exports Ltd. makes a flat debut on the bourses with scrip got listed at Rs 22.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 22.00.

The company, which raised 0.30 Cr from initial public offering, was subscribed 1.23 times, receiving bids for 36.59 lakhs shares against the total issue size of 29.82 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 24 to Jun 26.

Following a flat opening, the scrip touched an intraday high of Rs 23.10 and a low of Rs 22.00, before closing the session up by 5.00 per cent to its listing price at Rs 23.10 on the BSE.

The company anticipates using the proceeds of the issue for .

NAVIGANT CORPORATE ADVISORS LIMITED as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 39,908.06, up 68.81 points, or 0.17 per cent.