Shares of Kolkata-based Shree Ganesh Jewellery House has seen huge sell-off on its debut; slipped to Rs 184.15, down over 29% from its issue price of Rs 260 per share. It has listed at Rs 250 on the NSE and was trading at Rs 185.25, down 28.75% with volume of 33.54 lakh shares, at 9:16 hours IST. It has seen a turnover of Rs 66 crore.
A share of an exporter of handcrafted gold jewellery opened at Rs 258.85 on the BSE and touched a low of Rs 184.20. It was trading at Rs 184.70, with volume of 36 lakh shares.
The company had entered capital market with a public issue of 1,42,69,831 equity shares (including anchor investors' portion of 1,17,69,856 shares). The issue, which opened for subscription during March 19-23, was subscribed 1.96 times. The price band was at Rs Rs 260-270 per share.
Source : http://www.moneycontrol.com/news/ipo-new-listings/shree-ganesh-jewellery-plunges-29-after-listing_450863.html
1 comment:
Shree Ganesh Jewellery is perfect for women.
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