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Brandbucket Media & Technology Ltd. makes a strong debut on the bourses with scrip got listed at Rs 55.25 on the Bombay Stock Exchange, a 0.45 per cent premium to its issue price of Rs 55.00.
The company, which raised 0.15 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 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 Dec 20 to Dec 23.
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 Augmenting additional working capital requirements Funding capital expenditure requirements General Corporate PurposesWe believe that listing will enhance the corporate image and visibility of brand name of the Company We also believe that the Company will receive the benefits from listing of Equity Shares on the SME Platform of BSE It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of the Company.
Inventure Merchant Banker Services Pvt. Ltd. as lead managers & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 57,794.32, down 12.17 points, or 0.02 per cent.
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