Everonn lists with 75 pc premium
Knowledge management and training company Everonn Systems on Wednesday got listed at Rs 245 on the bourses, a premium of 75 per cent over the issue price of Rs 140.
By PTI |
MUMBAI: Knowledge management and training company Everonn Systems on Wednesday got listed at Rs 245 on the bourses, a premium of 75 per cent over the issue price of Rs 140.
The scrip touched a high of Rs 560 within minutes of listing and over 1.70 lakh shares exchanged hands on the BSE.
The shares scaled a high of Rs 567 on the National Stock Exchange, where over 9.77 lakh shares got traded.
The company was trading at Rs 517.50 on the BSE and at Rs 518.70 on the NSE at 10.01 am.
Everonn Systems India entered stock markets with 1,38,51,181 equity shares of Rs 140 per share. The company's initial public offer was subscribed over 131 times on good response from corporate and retail investors.
The company plans to use the issue proceeds for capital expenditure in two strategic business units -- institutional education and IT infrastructure services, and virtual and technical-enabled learning solutions.
It will also utilise the proceeds for mergers and acquisitions, investment in a proposed subsidiary to retail educational aids, tools and other products.
The scrip touched a high of Rs 560 within minutes of listing and over 1.70 lakh shares exchanged hands on the BSE.
The shares scaled a high of Rs 567 on the National Stock Exchange, where over 9.77 lakh shares got traded.
The company was trading at Rs 517.50 on the BSE and at Rs 518.70 on the NSE at 10.01 am.
Everonn Systems India entered stock markets with 1,38,51,181 equity shares of Rs 140 per share. The company's initial public offer was subscribed over 131 times on good response from corporate and retail investors.
The company plans to use the issue proceeds for capital expenditure in two strategic business units -- institutional education and IT infrastructure services, and virtual and technical-enabled learning solutions.
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It will also utilise the proceeds for mergers and acquisitions, investment in a proposed subsidiary to retail educational aids, tools and other products.
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