Share of Innokaiz India have been locked within the decrease circuit of 5 per cent on Monday after a stellar debut on BSE SME platform. The shares of the advertising options firm have been off to a fiery begin, debuting at Rs 148.20 apiece — up 90 per cent from the IPO subject value of 78.
The inventory closed at Rs 155.61 apiece on the listing day. The firm commanded a market cap of Rs 159.09 crore as on the listing day.
The shares of Chennai-based agency on Monday have been locked within the 5 per cent decrease circuit at Rs 140.44.
ALSO READ:Â WPI inflation eases to 34-month low of (-) 0.92 laptop in April
The firm got here out with its Initial Public Offer (IPO) of two,713,600 shares at a value of Rs 78, amounting to Rs 21.17 crore. It acquired an incredible response, attracting 88.43 instances subscriptions.
The anchor investor portion was absolutely subscribed. Additionally, the certified institutional patrons (QIB) class was subscribed 23.93 instances, whereas the non-institutional investors or excessive net-worth people’ portion was subscribed 224.93 instances and the retail investor’s portion was subscribed 46.10 instances.Â
Gretex Corporate Services Limited, Merchant Banker primarily based out of Mumbai was the Lead Manager to the problem. According to shareholding sample, the promoters have 71.99 per cent stake after the IPO.
ALSO READ:Â Multibagger penny inventory posts astounding rise in earnings pushed by increased gross sales, debt discount
Â
