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News Details

( As on 04/12/2024 10:50)

Apex Ecotech Ltd. debuts with 90.00% premium at Rs 138.70

Apex Ecotech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 138.70 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 73.00. On the National Stock Exchange, the stock was listed at Rs 138.70.

The company, which raised 0.35 Cr from initial public offering, was subscribed 422.00 times, receiving bids for 14,766.62 lakhs shares against the total issue size of 34.99 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 27 to Nov 29.

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 .

Share India Capital Services Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,457.15, up 181.10 points, or 0.74 per cent.