|
BMW Ventures Ltd. makes a weak debut on the bourses with scrip got listed at Rs 80.00 on the Bombay Stock Exchange, a 19.19 per cent discount to its issue price of Rs 99.00. On the National Stock Exchange, the stock was listed at Rs 78.00.
The company, which raised 2.34 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 234.00 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Sep 24 to Sep 26.
Following a weak opening, the scrip touched an intraday high of Rs 80.00 and a low of Rs 76.00, before closing the session up by 23.23 per cent to its listing price at Rs 76.00 on the BSE.
The company anticipates using the proceeds of the issue for .
Sarthi Capital Advisors Pvt. Ltd. as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.
|