Focus Business Solution Ltd. debuts with 46.84% premium at Rs 27.90
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13 Jul 2021
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Focus Business Solution Ltd. makes a strong debut on the bourses with scrip got listed at Rs 27.90 on the Bombay Stock Exchange, a 46.84 per cent premium to its issue price of Rs 19.00. The company, which raised 0.06 Cr from initial public offering, was subscribed 6.23 times, receiving bids for 40.00 lakhs shares against the total issue size of 6.42 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 30 to Jul 05. 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 . NAVIGANT CORPORATE ADVISORS LIMITED as lead managers & PURVA SHAREGISTRY INDIA PVT LTD. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 52,372.69, down 13.50 points, or 0.02 per cent. |
| Source: Dion Global Type: IPO Related |
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