Himalaya Nutravedics India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 118.00 on the Bombay Stock Exchange, a 11.32 per cent premium to its issue price of Rs 106.00.
The company, which raised 0.25 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 25.00 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 22 to Sep 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 Funding Working Capital Requirements Investment in Branding, Digital Marketing and Sales Expansion General Corporate Purposes.
Nirbhay Capital Services Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 72,771.72, down 1,124.02 points, or 1.52 per cent.