Shantidoot Infra Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 105.00 on the Bombay Stock Exchange, a 29.62 per cent premium to its issue price of Rs 81.00.
The company, which raised 0.05 Cr from initial public offering, was subscribed 2.91 times, receiving bids for 14.43 lakhs shares against the total issue size of 4.96 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 06 to Sep 09.
Following a strong opening, the scrip touched an intraday high of Rs 110.25 and a low of Rs 105.00, before closing the session up by 36.11 per cent to its listing price at Rs 110.25 on the BSE.
The company anticipates using the proceeds of the issue for a) Working Capital Requirementsb) General Corporate Purposes.
Gretex Corporate Services Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 59,141.23, up 300.44 points, or 0.51 per cent.