Hi-Green Carbon Ltd. makes a strong debut on the bourses with scrip got listed at Rs 77.00 on the Bombay Stock Exchange, a 2.66 per cent premium to its issue price of Rs 75.00. On the National Stock Exchange, the stock was listed at Rs 77.00.
The company, which raised 0.70 Cr from initial public offering, was subscribed 110.90 times, receiving bids for 7,807.36 lakhs shares against the total issue size of 70.40 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 21 to Sep 25.
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 NSE.
The company anticipates using the proceeds of the issue for .
Beeline Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,716.45, up 51.75 points, or 0.26 per cent.