Monarch Surveyors and Engineering Consultants Ltd. makes a strong debut on the bourses with scrip got listed at Rs 421.25 on the Bombay Stock Exchange, a 68.50 per cent premium to its issue price of Rs 250.00.
The company, which raised 0.38 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 37.50 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jul 22 to Jul 24.
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 .
Beeline Capital Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,891.02, down 572.07 points, or 0.70 per cent.