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News Details

Sansera Engineering Ltd. debuts with 9.05% premium at Rs 811.35

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24/09/2021 10:00
Sansera Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 811.35 on the Bombay Stock Exchange, a 9.05 per cent premium to its issue price of Rs 744.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 1.72 Cr from initial public offering, was subscribed 11.60 times, receiving bids for 2,000.67 lakhs shares against the total issue size of 172.44 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 14 to Sep 16.

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 To achieve the benefits of listing Equity Shares on the Stock Exchanges To carry out the Offer for Sale .

Nomura Financial Advisory & Securities (I) P Ltd.,IIFL Securities Limited,ICICI Securities Ltd as lead managers & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 59,885.36, up 958.03 points, or 1.62 per cent.