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News Details

( As on 03/12/2024 13:10)

C2C Advanced Systems Ltd. debuts with 90.00% premium at Rs 429.40

C2C Advanced Systems Ltd. makes a strong debut on the bourses with scrip got listed at Rs 429.40 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 226.00. On the National Stock Exchange, the stock was listed at Rs 429.40.

The company, which raised 0.44 Cr from initial public offering, was subscribed 91.03 times, receiving bids for 3,990.39 lakhs shares against the total issue size of 43.84 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 22 to Nov 26.

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 .

Mark Corporate Advisors Pvt. Ltd.,Beeline Capital Advisors Pvt. Ltd. as lead managers & Link intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,276.05, up 144.95 points, or 0.60 per cent.