Balaji Phosphates Ltd. makes a strong debut on the bourses with scrip got listed at Rs 75.00 on the Bombay Stock Exchange, a 7.14 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 75.00.
The company, which raised 0.72 Cr from initial public offering, was subscribed 1.17 times, receiving bids for 83.75 lakhs shares against the total issue size of 71.58 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 28 to Mar 04.
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 NSE.
The company anticipates using the proceeds of the issue for .
Arihant Capital Markets Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 22,544.70, up 207.40 points, or 0.92 per cent.