India, Sept. 19 -- Maharaja & Speedex India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 250.00 on the Bombay Stock Exchange, a 34.40 per cent premium to its issue price of Rs 186.00.
The company, which raised 0.43 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 43.08 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 10 to Sep 15.
Following a strong opening, the scrip touched an intraday high of Rs 262.50 and a low of Rs 240.00, before closing the session up by 41.12 per cent to its listing price at Rs 262.50 on the BSE.
The company anticipates using the proceeds of the issue for ....