Grover Jewells Ltd. makes a strong debut on the bourses with scrip got listed at Rs 96.00 on the Bombay Stock Exchange, a 9.09 per cent premium to its issue price of Rs 88.00. On the National Stock Exchange, the stock was listed at Rs 96.00.
The company, which raised 0.38 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 38.45 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 04 to Feb 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 NSE.
The company anticipates using the proceeds of the issue for .
Finshore Management Services Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 25,935.15, up 67.85 points, or 0.26 per cent.