 "Developers moving to commercial realty")
Karda Constructions (KCL) has made a weak debut on the bourses by listing at Rs 136, 24% lower against its issue price of Rs 180 per share on the National Stock Exchange (NSE) and the BSE. The stock hit a low of Rs 129 on the NSE after its listing.
KCL, trading under ‘T’ group, ended at Rs 142, 20% lower against issue price. The T Group represents scrips which are settled on a trade-to-trade basis as a surveillance measure.
The Rs 770 million initial public offer (IPO) of real estate company KCL was subscribed 2.53 times. Qualified institutional
KCL, trading under ‘T’ group, ended at Rs 142, 20% lower against issue price. The T Group represents scrips which are settled on a trade-to-trade basis as a surveillance measure.
The Rs 770 million initial public offer (IPO) of real estate company KCL was subscribed 2.53 times. Qualified institutional
