Veegaland Developers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 151.00 on the Bombay Stock Exchange, a 7.85 per cent premium to its issue price of Rs 140.00. On the National Stock Exchange, the stock was listed at Rs 154.00.
The company, which raised 1.50 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 150.00 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Sep 10 to Sep 15.
Following a strong opening, the scrip touched an intraday high of Rs 153.95 and a low of Rs 143.45, before closing the session up by 3.53 per cent to its listing price at Rs 144.95 on the BSE.
The company anticipates using the proceeds of the issue for .
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 74,294.96, down 19.63 points, or 0.02 per cent.