AB Infrabuild Ltd. debuts with 0.00% discount at Rs 29.00
12/07/2019 20:20
AB Infrabuild Ltd. makes a flat debut on the bourses with scrip got listed at Rs 29.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 29.00. On the National Stock Exchange, the stock was listed at Rs 29.00.

The company, which raised 0.44 Cr from initial public offering, was subscribed 0.74 times, receiving bids for 32.86 lakhs shares against the total issue size of 44.28 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Jun 28 to Jul 03.

Following a flat opening, the scrip touched an intraday high of Rs 29.50 and a low of Rs 28.50, before closing the session up by 0.51 per cent to its listing price at Rs 29.15 on the NSE.

The company anticipates using the proceeds of the issue for To meet the Working Capital Requirements, General Corporate Purposes.

Mark Corporate Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 11,552.50, down 30.40 points, or 0.26 per cent.