Marinetrans India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 30.00 on the Bombay Stock Exchange, a 15.38 per cent premium to its issue price of Rs 26.00. On the National Stock Exchange, the stock was listed at Rs 30.00.
The company, which raised 0.42 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 42.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 30 to Dec 05.
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 .
Swaraj Shares and Securities Pvt. Ltd. as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 20,901.15, down 36.55 points, or 0.17 per cent.