Roni Households Ltd. makes a strong debut on the bourses with scrip got listed at Rs 20.05 on the Bombay Stock Exchange, a 0.25 per cent premium to its issue price of Rs 20.00.
The company, which raised 0.15 Cr from initial public offering, was subscribed 1.06 times, receiving bids for 15.90 lakhs shares against the total issue size of 15.00 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Nov 19 to Nov 22.
Following a strong opening, the scrip touched an intraday high of Rs 20.50 and a low of Rs 20.05, before closing the session up by 2.50 per cent to its listing price at Rs 20.50 on the BSE.
The company anticipates using the proceeds of the issue for (a) Working Capital Requirements,(b) Repayment of Unsecured loan,(c) Funding expenditure for General Corporate Purposes.
ARYAMAN FINANCIAL SERVICES LIMITED as lead managers & Bigshare Services Pvt Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 36,134.31, down 106.69 points, or 0.29 per cent.