Thursday, 17 November 2016

Agro Phos India SME makes strong debut on NSE : 17 Nov 2016


Agro Phos India, which recently garnered a whopping subscription of over Rs 225 crore, got listed on NSE's small and medium enterprise platform yesterday, reported PTI.. The shares got listed at Rs 26.40 apiece on the Emerge Platform of NSE, which was 20 per cent higher from the issue price of Rs 22. It closed at Rs 22.85 apiece. The company came out with a public offering of 58,80,000 equity shares with a price band of Rs 19-22 per equity share on Emerge Platform of NSE. The issue was over-subscribed by more than 17 times of the total shares offered, which was also the highest-ever subscription for an SME IPO. It was opened for subscription between October 27 and November 7.

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