Vishwaraj Sugar Industries Ltd. debuts with 2.00% premium at Rs 61.20
16/10/2019 15:20
Vishwaraj Sugar Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 61.20 on the Bombay Stock Exchange, a 2.00 per cent premium to its issue price of Rs 60.00. On the National Stock Exchange, the stock was listed at Rs 61.20.

The company, which raised 1.00 Cr from initial public offering, was subscribed 1.10 times, receiving bids for 110.00 lakhs shares against the total issue size of 100.00 lakhs shares.

The company, listed under T 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 61.20 and a low of Rs 60.25, before closing the session up by 0.58 per cent to its listing price at Rs 60.35 on the BSE.

The company anticipates using the proceeds of the issue for .

ARYAMAN FINANCIAL SERVICES 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.