5 Star Enterprise Finance closes at Rs488, 3% premium on debut day

Shares of 5 Star Enterprise Finance on Monday made a weak market debut, itemizing with a reduction of 5%, towards the problem value of Rs474 on the BSE.

On Monday, the inventory closed at Rs488.95 per share increased by Rs15.50 or 3.27% on the BSE, recovered by the morning losses because the session ends.

The inventory listed at Rs449.95, registering a decline of 5% from the problem value on the BSE. It later bounced again and was buying and selling at Rs482.95 per share, increased by 1.88%. The inventory hit intraday excessive at Rs539.90 per share on the BSE.

On the NSE, it made its debut at Rs468.80, decrease by 1%.

For the IPO, the agency had mounted the value band at Rs450-Rs 474 per share.

5 Star Enterprise Finance gives small enterprise loans and small mortgage loans to its prospects. The loans offered by it are secured by money flows of companies or property property.

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