Goblin India Ltd. debuts with 5.76% premium at Rs 55.00
16/10/2019 15:20
Goblin India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 55.00 on the Bombay Stock Exchange, a 5.76 per cent premium to its issue price of Rs 52.00.

The company, which raised 0.29 Cr from initial public offering, was subscribed 1.30 times, receiving bids for 38.01 lakhs shares against the total issue size of 29.24 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 30 to Oct 04.

Following a strong opening, the scrip touched an intraday high of Rs 57.70 and a low of Rs 54.10, before closing the session up by 8.84 per cent to its listing price at Rs 56.60 on the BSE.

The company anticipates using the proceeds of the issue for To set up a plant to manufacture/assemble Acrylonitrile Butadiene Styrene (ABS) Luggage bags at Ahmedabad, Gujarat, Funding the working capital requirement of the Company, General corporate purposes.

Fast Track Finsec Private Limited as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 38,506.09, up 291.62 points, or 0.76 per cent.