Transwarranty Finance debuts with 15 per cent premium

Mumbai, Feb 26 (UNI) Financial services and investment banking company, Transwarranty Finance, today debuted with 15.38 per cent premium over its issue price of Rs 52 per share.

The IPO was issued to raise funds for expansion and increasing the scale of operations, geographic expansion through opening of regional offices, making strategic investments or acquisitions of companies engaged in the business of financial services and banking, an official release said.

IDBI Capital Market Services was the sole book running lead manager to the IPO, the release added.

UNI