IPO-bound Ujin Pharma has picked up 2.56 percent equity stake in Shreedhar Spinners, the Maharashtra-based cotton yarn maker, via open market transactions on July 1.
Shreedhar Spinners attracted buying interest on its market debut, with the stock rising 7.74 percent to Rs 57.1 on the NSE Emerge, compared with its issue price of Rs 53.
Ujin Pharma, which recently filed draft papers with capital markets regulator SEBI to raise funds through an IPO, acquired 5.5 lakh shares (2.56 percent stake) in Shreedhar Spinners for Rs 2.99 crore at Rs 54.4 per share.
Mansi Share and Stock Broking bought an additional 8.94 lakh shares (4.17 percent stake) in the company at Rs 54.98 per share, valued at Rs 4.91 crore. The broking firm already held a 1.8 percent stake in the company.
Further, Dhan Creators and Investments purchased 1.1 lakh shares in Shreedhar Spinners for Rs 60.04 lakh at Rs 54.59 per share, while Excellent Shares and Finance Services acquired 4 lakh shares at Rs 54.4 per share, valued at Rs 2.17 crore.
However, alternative investment fund (AIF) manager 35North Ventures, through its three schemes, sold 4.52 lakh shares (2.1 percent stake) in the company for Rs 2.45 crore at Rs 54.4 per share.
Kuber India Opportunity Fund also sold 1.52 lakh shares for Rs 82.68 lakh, while Moneywise Financial Services offloaded 1.6 lakh shares for Rs 87.68 lakh.
Meanwhile, PSL Limited acquired a net 63.03 lakh shares (0.69 percent stake) in Paisalo Digital for Rs 42.06 crore at Rs 66.73 per share. The stock surged 19.86 percent to Rs 70.84 on the NSE amid heavy volumes, breaking out after three to four weeks of consolidation.