Kiri Dyes & Chemicals debuts at Rs 184

MUMBAI: Shares of Kiri Dyes and Chemicals listed at Rs 184, premium of 22.66 per cent, on the National Stock Exchange against issue price of Rs 150 per share. Soon after the stock surged to touch a high of Rs 228.70. At 10:02 am, the stock was at Rs 198.65, up 32.43 per cent or Rs 48.65 on volume of 10,04,016 shares. It touched a low of Rs 184.

On the BSE, it was at Rs 198.10, up 32.06 per cent on volume of 9,83,897 shares. It touched a high of Rs 204 and low of Rs 151 in early trade. Kiri Dyes and Chemicals is an Ahmedabad based manufacturer of reactive dyes and dye intermediates. Its production hub is located in Gujarat having a total production capacity of 10,800 MTPA. Its products cater to textiles, leather, paint and printing-ink industries.