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Nureca Ltd. makes a strong debut on the bourses with scrip got listed at Rs 634.95 on the Bombay Stock Exchange, a 58.73 per cent premium to its issue price of Rs 400.00. On the National Stock Exchange, the stock was listed at Rs 0.00.
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 T Group Securities post its IPO, opened for subscription from Feb 15 to Feb 17.
Following a strong opening, the scrip touched an intraday high of Rs 666.65 and a low of Rs 603.25, before closing the session up by 66.66 per cent to its listing price at Rs 666.65 on the BSE.
The company anticipates using the proceeds of the issue for Funding incremental working capital requirements of the Company, General corporate purposes.
ITI Capital Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 51,039.31, up 257.62 points, or 0.50 per cent.
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