Glass Wall Systems (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 190.10 on the Bombay Stock Exchange, a 4.45 per cent premium to its issue price of Rs 182.00. On the National Stock Exchange, the stock was listed at Rs 194.00.
The company, which raised 2.35 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 235.10 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 08 to Sep 10.
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 .
Motilal Oswal Investment Advisors Limited,IIFL Capital Services Limited as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 74,003.82, down 777.94 points, or 1.04 per cent.