Arrowhead Seperation Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 250.00 on the Bombay Stock Exchange, a 7.29 per cent premium to its issue price of Rs 233.00.
The company, which raised 0.06 Cr from initial public offering, was subscribed 88.17 times, receiving bids for 491.99 lakhs shares against the total issue size of 5.58 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Nov 16 to Nov 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 BSE.
The company anticipates using the proceeds of the issue for .
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 65,970.04, down 47.77 points, or 0.07 per cent.