Patel Chem Specialities Ltd. makes a strong debut on the bourses with scrip got listed at Rs 110.00 on the Bombay Stock Exchange, a 30.95 per cent premium to its issue price of Rs 84.00.
The company, which raised 0.70 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 70.00 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jul 25 to Jul 29.
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 .
Unistone Capital Pvt. Ltd.,Cumulative Capital Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 81,185.58, down 296.28 points, or 0.36 per cent.