Dar Credit & Capital Ltd makes a strong debut on the bourses with scrip got listed at Rs 65.15 on the Bombay Stock Exchange, a 8.58 per cent premium to its issue price of Rs 60.00. On the National Stock Exchange, the stock was listed at Rs 65.15.
The company, which raised 0.43 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 42.76 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from May 21 to May 23.
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 .
GYR CAPITAL ADVISORS PRIVATE LIMITED as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 24,826.20, down 174.95 points, or 0.69 per cent.