SEL Manufacturing gains 93% in 2 days
Investors in SEL Manufacturing Company Ltd must be a happy lot with the shares nearly doubling in two days after listing Tuesday.
By INDIATIMES NEWS NETWORK |
MUMBAI: Investors in SEL Manufacturing Company Ltd must be a happy lot with the shares nearly doubling in two days after listing Tuesday.
Today on NSE, the share touched a high of Rs 173.70, up 93 per cent against its issue price of Rs 90 per share. But the share eased as the market slipped into red and touched a low of Rs 156.35.
At 10:58 am, the share was at Rs 165, up 13 per cent from Tuesday’s close with volume of 23,76,138 shares.
SEL Manufacturing had come out with an initial public offering of 41,38,410 equity shares of Rs 10 each between July 26-31. The issue was subscribed 3.62 times.
Today on NSE, the share touched a high of Rs 173.70, up 93 per cent against its issue price of Rs 90 per share. But the share eased as the market slipped into red and touched a low of Rs 156.35.
At 10:58 am, the share was at Rs 165, up 13 per cent from Tuesday’s close with volume of 23,76,138 shares.
SEL Manufacturing had come out with an initial public offering of 41,38,410 equity shares of Rs 10 each between July 26-31. The issue was subscribed 3.62 times.
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