Net Pix Shorts Digital Media Ltd. debuts with 0.50% premium at Rs 30.15
02/12/2020 18:40
Net Pix Shorts Digital Media Ltd. makes a strong debut on the bourses with scrip got listed at Rs 30.15 on the Bombay Stock Exchange, a 0.50 per cent premium to its issue price of Rs 30.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 0.09 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 9.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Nov 18 to Nov 23.

Following a strong opening, the scrip touched an intraday high of Rs 30.15 and a low of Rs 30.00, before closing the session up by 0.16 per cent to its listing price at Rs 30.05 on the BSE.

The company anticipates using the proceeds of the issue for (a) Acquisition of workshop & Godown and Writer’s Lounge on a long term lease basis(b) Further Augment the Digital Media Content Library(c) General Corporate Purpose.

Aryaman Financial Services Ltd. as lead managers & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 44,618.04, down 37.40 points, or 0.08 per cent.