KPR Mills lists at 11% discount to issue price
Shares of KPR Mill on Tuesday listed at Rs 201.20 on the Bombay Stock Exchange, down 11 per cent to the issue price of Rs 225 per share.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of KPR Mill on Tuesday listed at Rs 201.20 on the Bombay Stock Exchange, down 11 per cent to the issue price of Rs 225 per share.
At 10:01 am, the share was at Rs 194.45, down 14 per cent. It touched a high of Rs 209.80 and low of Rs 181.15 with number of shares traded 6,27,972.
On National Stock Exchange, KPR opened at Rs 175. At 10: 05 am, it was at Rs 189.90, down 15.64 per cent. Around 7,46,572 shares have changed hands at the counter so far.
KPR Mill’s initial public offering of 59,12,100 shares was subscribed 1.19 times. The price band of 100 per cent book build issue was Rs 225-265 per share.
The company raised Rs 133 crore from the IPO, which will go in funding expansion of existing garment facility at Arasur, Coimbatore; setting up a design studio; construction of an additional hostel facility at Arasur; expansion of processing facility at Perundurai; investment in a new knitting facility at Arasur; addition of balancing equipments for existing spinning facility at Sathyamangalam.
At 10:01 am, the share was at Rs 194.45, down 14 per cent. It touched a high of Rs 209.80 and low of Rs 181.15 with number of shares traded 6,27,972.
On National Stock Exchange, KPR opened at Rs 175. At 10: 05 am, it was at Rs 189.90, down 15.64 per cent. Around 7,46,572 shares have changed hands at the counter so far.
KPR Mill’s initial public offering of 59,12,100 shares was subscribed 1.19 times. The price band of 100 per cent book build issue was Rs 225-265 per share.
The company raised Rs 133 crore from the IPO, which will go in funding expansion of existing garment facility at Arasur, Coimbatore; setting up a design studio; construction of an additional hostel facility at Arasur; expansion of processing facility at Perundurai; investment in a new knitting facility at Arasur; addition of balancing equipments for existing spinning facility at Sathyamangalam.
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