Esteem Bio Organic Food Processing initial public offering (IPO) which was listed today on the BSE, under SME platform closed at Rs 26.50 up Rs 1.50, or 6% as against its issue price of Rs 25.
It has touched an intraday high of Rs 26.50 and an intraday low of Rs 25.25 with volumes of 858,000 shares.There were pending buy orders of 12,000 shares.
Esteem Bio Organic intended to use issue proceeds for setting up of shade net cultivation facility; development of farm land for organic farming; procurement of farm tools and equipments; and brand building.
The issue opened for subscription on January 18 and closed on January 22, 2013.
Guiness Merchant Bankers Private Limited was the book running lead manager to the issue.
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