 "GTPL Hathway makes quiet debut")
Shares of GTPL Hathway, a cable TV and broadband services provider, on Tuesday opened at issue price of Rs 170 on its debut on the National Stock Exchange, but settled 1.15 per cent higher.
On the NSE, the stock closed at Rs 171.9, up 1.1 per cent over the initial public offering (IPO) price. Intra-day, it had touched a high of Rs 175 and a low of Rs 162.
The scrip ended at Rs 171.7 on the BSE. It had touched an intra-day high of Rs 174.5 and a low of Rs 162.3.
The stock had opened at Rs 170 on the BSE and the NSE, the same as the IPO price.
GTPL Hathway's Rs 485-crore IPO was subscribed 1.53 times during June 21-23.
The category reserved for qualified institutional buyers (QIBs) was subscribed 1.48 times, non-institutional investors 2.85 times and retail investors 99 per cent.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%