Shiv Aum Steels Ltd. debuts with 0.56% premium at Rs 44.25
01/10/2019 21:50
Shiv Aum Steels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 44.25 on the Bombay Stock Exchange, a 0.56 per cent premium to its issue price of Rs 44.00. On the National Stock Exchange, the stock was listed at Rs 44.25.

The company, which raised 0.36 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 36.00 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 19 to Sep 23.

Following a strong opening, the scrip touched an intraday high of Rs 44.60 and a low of Rs 44.10, before closing the session up by 0.34 per cent to its listing price at Rs 44.15 on the NSE.

The company anticipates using the proceeds of the issue for (a) Repayment of Loans,(b) General Corporate Purpose.

Aryaman Financial Services Limited as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 11,359.90, down 114.55 points, or 0.99 per cent.