Urban Company Ltd. makes a strong debut on the bourses with scrip got listed at Rs 161.00 on the Bombay Stock Exchange, a 56.31 per cent premium to its issue price of Rs 103.00. On the National Stock Exchange, the stock was listed at Rs 162.25.
The company, which raised 18.45 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 1,844.66 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 10 to Sep 12.
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 .
Kotak Mahindra Capital Company Ltd.,JM Financial Ltd.,Goldman Sachs (India) Securities Pvt. Ltd.,Morgan Stanley India Company 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 82,380.69, up 594.95 points, or 0.72 per cent.