Royal Arc Electrodes Ltd. makes a flat debut on the bourses with scrip got listed at Rs 120.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 120.00. On the National Stock Exchange, the stock was listed at Rs 120.00.
The company, which raised 0.30 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 30.00 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Feb 14 to Feb 18.
Following a flat 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 NSE.
The company anticipates using the proceeds of the issue for .
Fedex Securities Private Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 22,795.90, down 117.25 points, or 0.51 per cent.