DSM Fresh Foods Ltd. makes a strong debut on the bourses with scrip got listed at Rs 120.00 on the Bombay Stock Exchange, a 20.00 per cent premium to its issue price of Rs 100.00.
The company, which raised 0.59 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 59.06 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 26 to Oct 06.
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 To meet out the Capital Expenditure requirements of the Company To meet out the Marketing Expenditure of the Company To meet out the Working Capital requirements of the Company To meet out the expenses of Unidentified acquisition and General Corporate Purposes.
Narnolia Financial Services Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 81,773.66, down 153.09 points, or 0.18 per cent.