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Published on 24/10/2018 12:17:15 PM | Source: Dion Global Solutions Ltd

Veeram Infra Engineering Ltd. debuts with 3.92% premium at Rs 53.00

Posted in IPO Top News| #IPO #Engineering Sector

Veeram Infra Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 53.00 on the Bombay Stock Exchange, a 3.92 per cent premium to its issue price of Rs 51.00. The company, which raised 0.21 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 21.06 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 28 to Oct 08. Following a strong opening, the scrip touched an intraday high of Rs 54.00 and a low of Rs 51.00, before closing the session down by 0.00 per cent to its listing price at Rs 51.00 on the BSE. The company anticipates using the proceeds of the issue for To meet working capital requirement; and, To meet the expenses of the Issue.

FIRST OVERSEAS CAPITAL LIMITED as lead managers & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 33,847.23, down 287.15 points, or 0.84 per cent.Veeram Infra Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 53.00 on the Bombay Stock Exchange, a 3.92 per cent premium to its issue price of Rs 51.00.

The company, which raised 0.21 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 21.06 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 28 to Oct 08. Following a strong opening, the scrip touched an intraday high of Rs 54.00 and a low of Rs 51.00, before closing the session down by 0.00 per cent to its listing price at Rs 51.00 on the BSE.

The company anticipates using the proceeds of the issue for To meet working capital requirement; and, To meet the expenses of the Issue. FIRST OVERSEAS CAPITAL LIMITED as lead managers & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 33,847.23, down 287.15 points, or 0.84 per cent.