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Ceigall India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 413.00 on the Bombay Stock Exchange, a 2.99 per cent premium to its issue price of Rs 401.00. On the National Stock Exchange, the stock was listed at Rs 419.00.
The company, which raised 3.12 Cr from initial public offering, was subscribed 10.26 times, receiving bids for 3,205.07 lakhs shares against the total issue size of 312.38 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Aug 01 to Aug 05.
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 a) our Companyb) our Subsidiary, Ceigall Infra Projects Private Limited General corporate purposes.
ICICI SECURITIES LTD,JM Financial Ltd.,IIFL Securities Ltd. as lead managers & Link intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 79,468.01, up 874.94 points, or 1.11 per cent.
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