S H Kelkar makes a strong debut, shares up 15% at close
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16 Nov 2015
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S H Kelkar and Co made a remarkable debut at the bourses, ending with over 15 per cent gains over the issue price of Rs 180 per share, said the media reports. The stock listed at Rs 222, a jump of 23.33 per cent over the issue price, on BSE. Intra-day, it soared 23.72 per cent to touch a high of Rs 222.70. The stock finally settled at Rs 207.30, up 15.16 per cent. On NSE, the stock debuted at Rs 223.70, a sharp surge of 24.27 per cent over the issue price, and finally ended with a robust gain of 15.69 per cent at Rs 208.25. Volume-wise, 54.83 lakh shares of the company changed hands at BSE and over 2.3 crore shares at NSE during the day. The company commands a market valuation of Rs 2,997.99 crore. The firm's Rs 500-crore initial public offer (IPO), which closed last month, received an overwhelming response from investors and was oversubscribed 27.08 times. |
| Source: Dion Global Type: IPO Related |
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