SEL Manufacturing Company has started the day just above its issue price, at Rs 90.45 as good opening of markets and touched a high of Rs 93.90. It also hit a low of Rs 80 on the back of some profit booking but still managed to hold above its issue price of Rs 90 per share.
The company had entered capital markets with an initial public offering (IPO) of 41,38,410 equity shares of Rs 10 each through 100 per cent book-building process at a price band between Rs 80 and Rs 90 per equity share and raised Rs 37.25 crore at Rs 90, higher end of the price band.
The company had entered capital markets with an initial public offering (IPO) of 41,38,410 equity shares of Rs 10 each through 100 per cent book-building process at a price band between Rs 80 and Rs 90 per equity share and raised Rs 37.25 crore at Rs 90, higher end of the price band.
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