Moving Media Entertainment Ltd. makes a strong debut on the bourses with scrip got listed at Rs 71.00 on the Bombay Stock Exchange, a 1.42 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 71.00.
The company, which raised 0.62 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 62.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jun 26 to Jun 30.
Following a strong opening, the scrip touched an intraday high of Rs 74.55 and a low of Rs 71.00, before closing the session up by 6.50 per cent to its listing price at Rs 74.55 on the NSE.
The company anticipates using the proceeds of the issue for .
Gretex Corporate Services Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 25,405.30, down 48.10 points, or 0.18 per cent.