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JM Financial Credit Solutions Ltd. NCD Fully Subscribed on Day 1

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

JM Financial Credit Solutions Ltd. NCDs Issue fully subscribed with the Retail response of 3.17 times, HNI – 1.68 timesfollowed by QIB – 0.20 times, as of 4:25 PM on its first day itself.

 

Hindcon Chemicals Ltd Shares List at the NSE Emerge Script lists at 20% premium IPO subscribed 132 times

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Equity Shares of Hindcon Chemicals Ltd, engaged in manufacturing wide range of chemical products, listed today at the NSE Emerge Platform. The script made a strong debut and surged 20 percent, post the listing. Stock opened at Rs 33.60 against the IPO price of Rs 28 a share.

 

The public issue which was open for subscription from 26 February to 28 February 2018 raised 7.73 Cr through offering 27, 60,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share.  The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses.

 

Mr. Sanjay Goenka, Managing Director and Promoter, Hindcon Chemicals Ltd said, “Having a company listed is significant milestone and we as a group are elated to have received such an overwhelming response to our maiden IPO. We thank all our investors and merchant banker for the support in making our IPO exceedingly successful” Read more