NCL Industries Ltd closes QIP

The Share Issue Committee of NCL Industries Ltd today i.e. December 12, 2017 has, approved the closure of the bid in respect of QIP on December 12, 2017 and approved the adoption of Placement Document dated December 12, 2017 in connection with the QIP.

The Board approved the issue price of INR.237.50 per equity share (including premium of INR 227.50 per equity share) of the Company after giving discount of 4.86% i.e. INR. 12.13 per Equity Share on the floor price of INR.249.63 per Equity Share as per the SEBI ICDR Regulations.

The Board also approved the issue of confirmation allocation notes for the allocation of 85,00,000 Equity Shares to the eligible qualified institutional buyers.

The meeting of the Share Issue Committee commenced at 11.30 A.m. and the meeting was concluded at 12.30 P.m.

Shares of NCL INDUSTRIES LTD. was last trading in BSE at Rs.243.9 as compared to the previous close of Rs. 242.35. The total number of shares traded during the day was 18604 in over 215 trades.

The stock hit an intraday high of Rs. 248 and intraday low of 240.05. The net turnover during the day was Rs. 4527532.

Source : Equity Bulls

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