Aritas Vinyl Ltd. makes a flat debut on the bourses with scrip got listed at Rs 47.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 47.00.
The company, which raised 0.80 Cr from initial public offering, was subscribed 2.17 times, receiving bids for 173.23 lakhs shares against the total issue size of 79.83 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 16 to Jan 20.
Following a flat opening, the scrip touched an intraday high of Rs 47.00 and a low of Rs 44.65, before closing the session up by 5.00 per cent to its listing price at Rs 44.65 on the BSE.
The company anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 81,537.70, down 769.67 points, or 0.93 per cent.