Praruh Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 63.00 on the Bombay Stock Exchange, a 1.61 per cent premium to its issue price of Rs 62.00.
The company, which raised 0.37 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 37.30 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 24 to Sep 26.
Following a strong opening, the scrip touched an intraday high of Rs 64.90 and a low of Rs 63.00, before closing the session up by 3.62 per cent to its listing price at Rs 64.25 on the BSE.
The company anticipates using the proceeds of the issue for .
as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.