Refex Refrigerants closes below issue price on debut
Shares of Refex Refrigerants closed at Rs 62, discount of 4.6% to the issue price of Rs 65 per share on its first day of listing.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of Refex Refrigerants closed at Rs 62, discount of 4.6% to the issue price of Rs 65 per share on its first day of listing.
The share touched a high of Rs 73.80 and low of Rs 61.05 with volume at 60,67,494.
Refex Refrigerants raised Rs 24.7 crore from IPO of 38 lakh equity shares. It plans to utilise the proceeds to part finance its Rs 36.15 crore expansion by increasing installed capacity to refill 250 metric tonne cylinders per month.
The company refills hydro fluorocarbon refrigerants. It has an installed capacity of refilling 40 metric tonne cylinders per month of HFC refrigerants.
The share touched a high of Rs 73.80 and low of Rs 61.05 with volume at 60,67,494.
Refex Refrigerants raised Rs 24.7 crore from IPO of 38 lakh equity shares. It plans to utilise the proceeds to part finance its Rs 36.15 crore expansion by increasing installed capacity to refill 250 metric tonne cylinders per month.
The company refills hydro fluorocarbon refrigerants. It has an installed capacity of refilling 40 metric tonne cylinders per month of HFC refrigerants.
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