26 Jun, 15:54 - Indian

SENSEX 78674.25 (0.80)

Nifty 50 23868.8 (0.62)

Nifty Bank 52870.5 (0.50)

Nifty IT 35406.6 (-0.06)

Nifty Midcap 100 55245.8 (-0.22)

Nifty Next 50 71235.8 (-0.18)

Nifty Pharma 19545.35 (0.07)

Nifty Smallcap 100 18288 (0.25)

26 Jun, 15:54 - Global

NIKKEI 225 39667.07 (1.26)

HANG SENG 18089.93 (0.09)

DOW JONES 39112.16 (-0.76)

S&P 5469.3 (0.39)

Login/Signup

Hot Pursuit News

You are Here : Home > Markets > News > Hot Pursuit News

(01 Mar 2024, 12:45)

NSE SME Sadhav Shipping makes a splash on listing

Shares of Sadhav Shipping were quoting at Rs 141.75 on the NSE, a premium of 49.21% compared with the issue price of Rs 95.

The scrip was listed at Rs 135, a premium of 42.11 % compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 141.75 and a low of Rs 135. About 25.77 lakh shares of the company changed hands at the counter.

Sadhav Shipping's IPO was subscribed 120.72 times. The issue opened for bidding on 23 February 2024 and it closed on 27 February 2023. The price of the IPO was set at Rs 95 per share.

The company intends to utilize the net proceeds for repayment/prepayment, in part or full of certain outstanding borrowings availed by the company, part funding of capital expenditure to purchase/ acquire additional boats/ vessels, additional working capital requirements and general corporat...

More News
More Company News