Get Quotes

Market Menu

News Details

( As on 28/08/2020 21:10) Trekkingtoes.com Ltd. debuts with 0.00% discount at Rs 105.00

Trekkingtoes.com Ltd. makes a flat debut on the bourses with scrip got listed at Rs 105.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 105.00.

The company, which raised 0.04 Cr from initial public offering, was subscribed 1.47 times, receiving bids for 6.35 lakhs shares against the total issue size of 4.33 lakhs shares.

The company, listed under MS Group Securities post its IPO, opened for subscription from Aug 18 to Aug 20.

Following a flat opening, the scrip touched an intraday high of Rs 105.00 and a low of Rs 99.75, before closing the session up by 5.00 per cent to its listing price at Rs 99.75 on the BSE.

The company anticipates using the proceeds of the issue for a) Strategic initiatives and investments;b) Repayment and prepayment of a portion of certain indebtedness availed by the company;c) General corporate purposes.

Fast Track Finsec Private Limited as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 39,467.31, up 353.84 points, or 0.90 per cent.