Misquita Engineering Ltd. debuts with 3.14% premium at Rs 27.85
04/10/2019 22:10
Misquita Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 27.85 on the Bombay Stock Exchange, a 3.14 per cent premium to its issue price of Rs 27.00.

The company, which raised 0.07 Cr from initial public offering, was subscribed 1.54 times, receiving bids for 11.03 lakhs shares against the total issue size of 7.16 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.

Following a strong opening, the scrip touched an intraday high of Rs 29.20 and a low of Rs 27.85, before closing the session up by 8.14 per cent to its listing price at Rs 29.20 on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 37,673.31, down 433.56 points, or 1.13 per cent.