media

Markets

Market Nav

News Details

21/11/2022 09:50

Five-Star Business Finance Ltd. debuts with 5.07% discount at Rs 449.95

Five-Star Business Finance Ltd. makes a weak debut on the bourses with scrip got listed at Rs 449.95 on the Bombay Stock Exchange, a 5.07 per cent discount to its issue price of Rs 474.00. On the National Stock Exchange, the stock was listed at Rs 468.80.

The company, which raised 4.14 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 413.50 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Nov 09 to Nov 11.

Following a weak 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 .

ICICI SECURITIES LTD,Nomura Financial Advisory and Securities (India) P,Kotak Mahindra Capital Company Limited,Edelweiss Financial Services Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 61,663.48, down 87.12 points, or 0.14 per cent.