Nissan Copper lists at Rs 40 on BSE
Copper products manufacturer Nissan Copper got listed at Rs 40 on the Bombay Stock Exchange with a premium of 2.56 per cent over its issue price of Rs 39.
By PTI |
MUMBAI: Copper products manufacturer Nissan Copper got listed at Rs 40 on the Bombay Stock Exchange with a premium of 2.56 per cent over its issue price of Rs 39.
The company entered the bourses with 1.45 crore equity shares of Rs 10 each. The issue price was fixed at Rs 39.
Nissan Copper entered the capital market with an initial public offering of 64.10 lakh shares of Rs 10 each aggregating to Rs 25 crore. The issue was subscribed by over four times.
The proceeds of the issue would be used for funding the future growth plans of the company including capacity expansion at its Umbergaon plant.
The total cost of the project is Rs 35 crore of which SBI has sanctioned a term loan of Rs 10 crore while the remaining Rs 25 crore would be raised through the IPO.
The company entered the bourses with 1.45 crore equity shares of Rs 10 each. The issue price was fixed at Rs 39.
Nissan Copper entered the capital market with an initial public offering of 64.10 lakh shares of Rs 10 each aggregating to Rs 25 crore. The issue was subscribed by over four times.
The proceeds of the issue would be used for funding the future growth plans of the company including capacity expansion at its Umbergaon plant.
The total cost of the project is Rs 35 crore of which SBI has sanctioned a term loan of Rs 10 crore while the remaining Rs 25 crore would be raised through the IPO.
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