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News Details

( As on 18/12/2024 09:50)

Sai Life Science Ltd. debuts with 20.21% premium at Rs 660.00

Sai Life Science Ltd. makes a strong debut on the bourses with scrip got listed at Rs 660.00 on the Bombay Stock Exchange, a 20.21 per cent premium to its issue price of Rs 549.00. On the National Stock Exchange, the stock was listed at Rs 650.00.

The company, which raised 5.54 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 554.21 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Dec 11 to Dec 13.

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 .

Morgan Stanley India Company Private Limited,Kotak Mahindra Capital Company Limited,IIFL Capital Services Limited,Jefferies India Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,684.45, down 1,064.12 points, or 1.30 per cent.