13 Oct 2021
CWD Ltd. makes a strong debut on the bourses with scrip got listed at Rs 180.90 on the Bombay Stock Exchange, a 0.50 per cent premium to its issue price of Rs 180.00.
The company, which raised 0.10 Cr from initial public offering, was subscribed 1.26 times, receiving bids for 12.61 lakhs shares against the total issue size of 10.01 lakhs shares.
The company, listed under TS Group Securities post its IPO, opened for subscription from Sep 30 to Oct 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 Security Deposit towards acquisition of Registered Office on a long term lease basis Funding Working Capital requirements General Corporate Purpose.
Aryaman Financial Services Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 60,284.31, up 148.53 points, or 0.24 per cent.
|Source: Dion Global Type: IPO Related|