Immunity photo
Pixabay
The company's market evaluation stood at Rs 9,121.99 crore during early trade. The initial share issue (IPO) of Kalpataru Limited received 2.26 times subscribed on Thursday on the last day of the bid.
The share of real estate company Kalpataru Limited made a flat in the market on Tuesday against the issue price of Rs 414, but soon returned to more than nine percent. The stock on BSE started at Rs 414.10. Later it rose and this issue rose 9.42 percent to Rs 453 as against the price price.
Also read this: Raymond Realty Limited Listed in stock markets after shares merger process
The share issue price on NSE was listed at Rs 414 only. Later it rose 9.37 percent to Rs 452.80. The company's market evaluation stood at Rs 9,121.99 crore during early trade. The initial share issue (IPO) of Kalpataru Limited received 2.26 times subscribed on Thursday on the last day of the bid.
The company's IPO is completely a new share issue of Rs 1,590 crore, which includes no component of the sale offering (OFS). The price scope of Rs 387-414 per share was fixed for the IPO. The amount received from the IPO is proposed to be used for loan payment and general corporate purposes.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
Other news
