News Details
Category : IPO
Headline : Artemis Electricals Ltd. debuts with 16.66% premium at Rs 70.00
Date: 14/05/2019 19:20
Artemis Electricals Ltd. makes a strong debut on the bourses with scrip got listed at Rs 70.00 on the Bombay Stock Exchange, a 16.66 per cent premium to its issue price of Rs 60.00.

The company, which raised 0.70 Cr from initial public offering, was subscribed 1.01 times, receiving bids for 70.70 lakhs shares against the total issue size of 70.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Apr 24 to Apr 30.

Following a strong opening, the scrip touched an intraday high of Rs 70.00 and a low of Rs 67.00, before closing the session up by 16.41 per cent to its listing price at Rs 69.85 on the BSE.

The company anticipates using the proceeds of the issue for Long term working capital requirements, Purchase of machinery / equipment, General corporate purposes.

Fedex Securities Private Limited as lead managers & Cameo Corporate Services Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 37,318.53, up 227.71 points, or 0.61 per cent.