News Details

( As on 30/04/2024 10:20)

Shivam Chemicals Ltd. debuts with 9.09% premium at Rs 48.00

Shivam Chemicals Ltd. makes a strong debut on the bourses with scrip got listed at Rs 48.00 on the Bombay Stock Exchange, a 9.09 per cent premium to its issue price of Rs 44.00.

The company, which raised 0.46 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 45.87 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Apr 23 to Apr 25.

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 .

Aryaman Financial Services Limited as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,671.28, up 941.12 points, or 1.27 per cent.