Sangam Advisors closes above issue price
Aug 21 2012, 12:21 | By Moneycontrol.com
Shares of Sangam Advisors remained around Rs 22.10 for major part of the session on first day due to lack of participation. The stock touched an intraday high of Rs 22.20 and low of Rs 21.95 around afternoon trade, before closing at Rs 22.10 as against issue price of Rs 22.
Total trade volume stood at 3.72 lakh shares. There was a 5% circuit limit on the stock; the upper circuit limit was at Rs 23.10 and lower limit at Rs 21.
The issue was opened for subscription during July 24-26, 2012. The company raised Rs 5.07 crore through the public issue of 23.04 lakh equity shares.
Sangam Advisors is engaged in the business of providing diversified financial services with a primary focus in assisting small and medium enterprises (SMEs) in corporate and non-corporate sector in their financial planning, corporate restructuring and fund syndication requirements.
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