Vidya Wires Ltd. makes a strong debut on the bourses with scrip got listed at Rs 52.13 on the Bombay Stock Exchange, a 0.25 per cent premium to its issue price of Rs 52.00. On the National Stock Exchange, the stock was listed at Rs 52.00.
The company, which raised 5.77 Cr from initial public offering, was subscribed 28.69 times, receiving bids for 16,552.21 lakhs shares against the total issue size of 576.93 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Dec 03 to Dec 05.
Following a strong opening, the scrip touched an intraday high of Rs 58.48 and a low of Rs 50.09, before closing the session up by 2.19 per cent to its listing price at Rs 53.14 on the BSE.
The company anticipates using the proceeds of the issue for .
IDBI Capital Markets & Securities Limited,Pantomath Capital Advisors Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 84,391.27, down 275.01 points, or 0.32 per cent.