Varun Industries debuts at Rs 105
Varun Industries Thursday listed at Rs 105 on the National Stock Exchange, a premium of 75 per cent against the issue price of Rs 60 per share.
By INDIATIMES NEWS NETWORK |
MUMBAI: Varun Industries Thursday listed at Rs 105 on the National Stock Exchange, a premium of 75 per cent against the issue price of Rs 60 per share.
At 9:56 am, the share was at Rs 122.60, up Rs 62.60 or 104.33 per cent on volume of 4,03,565 shares.
On the Bombay Stock Exchange, the stock opened at Rs 105, up Rs 45 or 75 per cent. At 9:56 am, it was at Rs 109.10, up Rs 49 or 81.83 per cent with volume of 8,38,218 shares.
The company had come out with an initial public offering of 90 lakh shares of Rs 10 each, at a fixed price of Rs 60 per share.
Varun Industries is an exporter of stainless steel kitchenware, table ware, pet ware and other utility items. The company has its manufacturing plant and warehouse at Vasai, near Mumbai.
Proceeds from the issue will be used to launch the Varun brand in the domestic market.
At 9:56 am, the share was at Rs 122.60, up Rs 62.60 or 104.33 per cent on volume of 4,03,565 shares.
On the Bombay Stock Exchange, the stock opened at Rs 105, up Rs 45 or 75 per cent. At 9:56 am, it was at Rs 109.10, up Rs 49 or 81.83 per cent with volume of 8,38,218 shares.
The company had come out with an initial public offering of 90 lakh shares of Rs 10 each, at a fixed price of Rs 60 per share.
Varun Industries is an exporter of stainless steel kitchenware, table ware, pet ware and other utility items. The company has its manufacturing plant and warehouse at Vasai, near Mumbai.
Proceeds from the issue will be used to launch the Varun brand in the domestic market.
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