News Details
Category : IPO
Headline : City Pulse Multiplex Ltd. debuts with 5.00% discount at Rs 28.50
Date: 11/07/2019 19:20
City Pulse Multiplex Ltd. makes a weak debut on the bourses with scrip got listed at Rs 28.50 on the Bombay Stock Exchange, a 5.00 per cent discount to its issue price of Rs 30.00.

The company, which raised 0.13 Cr from initial public offering, was subscribed 2.84 times, receiving bids for 37.72 lakhs shares against the total issue size of 13.28 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 27 to Jul 03.

Following a weak opening, the scrip touched an intraday high of Rs 29.90 and a low of Rs 28.00, before closing the session up by 1.16 per cent to its listing price at Rs 29.65 on the BSE.

The company anticipates using the proceeds of the issue for I Setting up of new miniplex /Multiplex,II General corporate purpose,III To Meet the Issue Expenses.

CapitalSquare 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 38,823.11, up 266.07 points, or 0.69 per cent.