IRB Infra faces drubbing on listing, Tulsi Extrusions at premium
Shares of IRB Infrastructure Developers Ltd and Tulsi Extrusions Ltd listed on the stock exchanges on Monday.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of IRB Infrastructure Developers Ltd and Tulsi Extrusions Ltd listed on the stock exchanges on Monday.
IRB shares opened at Rs 194 on the NSE, a premium of Rs 9 or 4.86 per cent to the issue price of Rs 185 but were unable to hold the gains.
On BSE, IRB shares opened at Rs 170.05, a discount of Rs 14.95 or 8 per cent.
At 10:05 am, the stock was quoting at Rs 169. It touched a high of Rs 209 in the few minutes of trade. The low was Rs 167.70
IRB raised Rs 944 crore from its 5.1 crore equity share offering. The issue price was fixed at the lower end of the Rs 185-220 band, and was subscribed over four times.
IRB���s order book has crossed over Rs 5,000 crore with the company receiving an order from the National Highway Development Project for the 239 km Surat-Dahisar section of NHDP-Phase V.
Meanwhile, Tulsi Extrusions was quoting at Rs 107.50 on BSE, a premium of Rs 22.5 or 26.47 per cent to the issue price of Rs 85. It opened at Rs 93.45, and rose to high of Rs 118. The low was Rs 93.45.
Tulsi Extrusions��� public issue of 57,00,000 equity shares of Rs 10 each was priced between Rs 80 and Rs 85 per share. It was subscribed 2.08 times.
The company manufactures PVC pipes and fittings for the irrigation, industrial, infrastructure and housing sectors.
IRB shares opened at Rs 194 on the NSE, a premium of Rs 9 or 4.86 per cent to the issue price of Rs 185 but were unable to hold the gains.
On BSE, IRB shares opened at Rs 170.05, a discount of Rs 14.95 or 8 per cent.
At 10:05 am, the stock was quoting at Rs 169. It touched a high of Rs 209 in the few minutes of trade. The low was Rs 167.70
IRB raised Rs 944 crore from its 5.1 crore equity share offering. The issue price was fixed at the lower end of the Rs 185-220 band, and was subscribed over four times.
IRB���s order book has crossed over Rs 5,000 crore with the company receiving an order from the National Highway Development Project for the 239 km Surat-Dahisar section of NHDP-Phase V.
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Meanwhile, Tulsi Extrusions was quoting at Rs 107.50 on BSE, a premium of Rs 22.5 or 26.47 per cent to the issue price of Rs 85. It opened at Rs 93.45, and rose to high of Rs 118. The low was Rs 93.45.
Tulsi Extrusions��� public issue of 57,00,000 equity shares of Rs 10 each was priced between Rs 80 and Rs 85 per share. It was subscribed 2.08 times.
The company manufactures PVC pipes and fittings for the irrigation, industrial, infrastructure and housing sectors.
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