News Details
Category : IPO
Headline : Earum Pharmaceuticals Ltd. debuts with 0.00% discount at Rs 36.00
Date: 04/07/2019 21:50
Earum Pharmaceuticals Ltd. makes a flat debut on the bourses with scrip got listed at Rs 36.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 36.00.

The company, which raised 0.18 Cr from initial public offering, was subscribed 1.41 times, receiving bids for 26.06 lakhs shares against the total issue size of 18.48 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 21 to Jun 26.

Following a flat opening, the scrip touched an intraday high of Rs 36.15 and a low of Rs 36.00, before closing the session up by 0.13 per cent to its listing price at Rs 36.05 on the BSE.

The company anticipates using the proceeds of the issue for To meet Working Capital requirements, General Corporate Purpose, To meet issue expenses.

Hem Securities Ltd as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 39,908.06, up 68.81 points, or 0.17 per cent.