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Afcom Holdings Ltd. makes a strong debut on the bourses with scrip got listed at Rs 205.20 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 108.00.
The company, which raised 0.68 Cr from initial public offering, was subscribed 300.03 times, receiving bids for 20,511.25 lakhs shares against the total issue size of 68.36 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Aug 02 to Aug 06.
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 .
GYR CAPITAL ADVISORS PRIVATE LIMITED as lead managers & Link Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 78,886.22, down 581.79 points, or 0.73 per cent.
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