HD Fire Protect Ltd. makes a strong debut on the bourses with scrip got listed at Rs 334.40 on the Bombay Stock Exchange, a 23.39 per cent premium to its issue price of Rs 271.00. On the National Stock Exchange, the stock was listed at Rs 335.00.
The company, which raised 2.63 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 262.85 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Oct 13 to Oct 15.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Ambit Private Limited,ANAND RATHI ADVISORS LTD,IIFL Capital Services Limited as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 73,852.90, down 876.37 points, or 1.17 per cent.