Technocraft Ventures Ltd. debuts with 34.43% premium at Rs 285.00

Technocraft Ventures Ltd. makes a strong debut on the bourses with scrip got listed at Rs 285.00 on the Bombay Stock Exchange, a 34.43 per cent premium to its issue price of Rs 212.00. On the National Stock Exchange, the stock was listed at Rs 284.00.

The company, which raised 1.19 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 118.81 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Aug 07 to Aug 11.

Following a strong opening, the scrip touched an intraday high of Rs 334.60 and a low of Rs 285.00, before closing the session up by 46.76 per cent to its listing price at Rs 311.15 on the BSE.

The company anticipates using the proceeds of the issue for .

Khambatta Securities Ltd.,Khambatta Securities Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 78,009.25, down 70.71 points, or 0.09 per cent.