Nirman Agri Genetics Ltd. debuts with 3.03% premium at Rs 102.00
28/03/2023 17:50
Nirman Agri Genetics Ltd. makes a strong debut on the bourses with scrip got listed at Rs 102.00 on the Bombay Stock Exchange, a 3.03 per cent premium to its issue price of Rs 99.00. On the National Stock Exchange, the stock was listed at Rs 102.00.

The company, which raised 0.21 Cr from initial public offering, was subscribed 1.33 times, receiving bids for 27.28 lakhs shares against the total issue size of 20.51 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 15 to Mar 20.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for Funding additional Working capital requirements Investment in Strategic Acquisition / Joint Venture Purchase of Computer and other hardware General Corporate Purposes.

FIRST OVERSEAS CAPITAL LIMITED as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 16,985.70, up 40.65 points, or 0.23 per cent.