Sah Polymers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 85.00 on the Bombay Stock Exchange, a 30.76 per cent premium to its issue price of Rs 65.00. On the National Stock Exchange, the stock was listed at Rs 85.00.
The company, which raised 1.01 Cr from initial public offering, was subscribed 10.11 times, receiving bids for 1,023.46 lakhs shares against the total issue size of 101.23 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Dec 30 to Jan 04.
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 .
Pantomath Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 60,105.50, down 9.98 points, or 0.01 per cent.