Everonn closes at 240 pc premium on debut
Everonn Systems India Ltd closed at Rs 475.90, up Rs 335.90 or 240 per cent to the issue price on the NSE.
By INDIATIMES NEWS NETWORK |
MUMBAI: New kid on the block, Everonn Systems India Ltd closed at Rs 475.90, up Rs 335.90 or 240 per cent to the issue price on the National Stock Exchange.
Nifty, on the other hand, closed down 183 points or 4.04 per cent at 4345.85 trailing weak global markets.
After opening at Rs 245, Everonn went on to touch an intra-day high of Rs 567. The counter saw 1,03,53,304 shares changing hands on the NSE.
On the BSE, the share closed at Rs 480.90, up Rs 341 or 243.5 per cent. It touched an intra-day high of Rs 560. Around 63,60,931shares were traded in the counter.
Everonn, a fully integrated knowledge management company, plans to use the proceeds for capital expenditure in its two strategic business units--institutional education & IT infrastructure services, and virtual & technical enabled learning solutions.
The company will also utilise the proceeds for mergers & acquisitions, invest in the proposed subsidiary to retail educational aids, tools and other products.
Nifty, on the other hand, closed down 183 points or 4.04 per cent at 4345.85 trailing weak global markets.
After opening at Rs 245, Everonn went on to touch an intra-day high of Rs 567. The counter saw 1,03,53,304 shares changing hands on the NSE.
On the BSE, the share closed at Rs 480.90, up Rs 341 or 243.5 per cent. It touched an intra-day high of Rs 560. Around 63,60,931shares were traded in the counter.
Everonn, a fully integrated knowledge management company, plans to use the proceeds for capital expenditure in its two strategic business units--institutional education & IT infrastructure services, and virtual & technical enabled learning solutions.
The company will also utilise the proceeds for mergers & acquisitions, invest in the proposed subsidiary to retail educational aids, tools and other products.
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