13 Oct 2021
Samor Reality Ltd. makes a strong debut on the bourses with scrip got listed at Rs 64.80 on the Bombay Stock Exchange, a 4.51 per cent premium to its issue price of Rs 62.00.
The company, which raised 0.13 Cr from initial public offering, was subscribed 1.52 times, receiving bids for 19.76 lakhs shares against the total issue size of 13.00 lakhs shares.
The company, listed under MT 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 Investment into the subsidiary namely M/s Samor & Motherland LLP (“SML) General Corporate Purpose To Meet the Issue Expenses.
BEELINE BROKING LIMITED 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|