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Ascensive Educare Ltd. makes a strong debut on the bourses with scrip got listed at Rs 27.60 on the Bombay Stock Exchange, a 6.15 per cent premium to its issue price of Rs 26.00.
The company, which raised 0.09 Cr from initial public offering, was subscribed 2.54 times, receiving bids for 22.04 lakhs shares against the total issue size of 8.68 lakhs shares.
The company, listed under TS Group Securities post its IPO, opened for subscription from Dec 30 to Jan 04.
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 a) Funding the working capital requirements of the companyb) General Corporate Purposes.
GYR CAPITAL ADVISORS PRIVATE LIMITED as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 60,616.89, up 221.26 points, or 0.36 per cent.
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