Sat Kartar Shopping shares list at 90% premium over IPO price on NSE Emerge

Sat Kartar Shopping shares list at 90% premium over IPO price on NSE Emerge

Sat Kartar Shopping IPO shares listed on the stock exchange with a 90 percent premium on January 17. The SME issue was subscribed over 300 times in its three-day bidding window between January 10 - 14 in the primary market.

The shares of Sat Kartar Shopping Limited were listed at Rs 153.90 per share on the NSE Emerge platform, a strong premium of 90 percent against its issue price. The SME issue was priced in the range of Rs 77 - 81 on a lot size of 1,600 shares.

The natural wellness solutions provider hit capital markets to raise Rs 33.8 crore via maiden public issue.

On January 9, the ayurveda healthcare company raised Rs 9.55 crore from six institutional investors including Pine Oak Global Fund, Zeta Global Funds, Silver Stride India Global Fund, and Saint Capital Fund.

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Sat Kartar Shopping, which operates in D2C (direct-to-consumer) segment, selling Ayurveda products directly to consumer through its own D2C website and third-party e-commerce websites, will utilise IPO proceeds for unidentified acquisition, marketing and advertisement, capital expenditure, and investment in technology.

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