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16/11/2022 10:00

Technopack Polymers Ltd. debuts with 34.54% premium at Rs 74.00

Technopack Polymers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 74.00 on the Bombay Stock Exchange, a 34.54 per cent premium to its issue price of Rs 55.00.

The company, which raised 0.14 Cr from initial public offering, was subscribed 18.63 times, receiving bids for 266.39 lakhs shares against the total issue size of 14.30 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Nov 02 to Nov 07.

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 .

ISK ADVISORS PRIVATE LIMITED as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 61,872.99, up 248.84 points, or 0.40 per cent.