Optivalue Tek Consulting Ltd. makes a strong debut on the bourses with scrip got listed at Rs 103.60 on the Bombay Stock Exchange, a 23.33 per cent premium to its issue price of Rs 84.00. On the National Stock Exchange, the stock was listed at Rs 103.60.
The company, which raised 0.62 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 61.70 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 02 to Sep 04.
Following a strong opening, the scrip touched an intraday high of Rs 107.55 and a low of Rs 101.70, before closing the session up by 22.14 per cent to its listing price at Rs 102.60 on the NSE.
The company anticipates using the proceeds of the issue for .
Share India Capital Services Pvt. Ltd. as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 24,973.10, up 104.50 points, or 0.42 per cent.