 "S H Kelkar and Company ends 15% above issue price")
Shares of S.H. Kelkar and Company which made their debut on the stock market ended at Rs 207 on the Bombay Stock Exchange, 15% higher against its issue price of Rs 180 per share.
It listed at Rs 222 on the BSE and touched a intra-day high of Rs 223 and a low of Rs 200.
Over 28.5 million shares were traded on both the stock exchanges.
The company raised Rs 508 crore through initial public offer (IPO) which had received an overwhelming response from investors and was over-subscribed 19.74 times.
The company has fixed the issue price at Rs 180 per share, the upper end of the price band. The price band for the IPO was fixed at Rs 173-180 per share.
Non institutional investor’s category quota got subscribed 88.78 times. The qualified institutional buyer category quota was subscribed 26.62 times, while the retail quota was subscribed 2.14 times, the basis of allotment data shows.
The company plans to utilise funds from the fresh issue towards repayment of loan and for other general corporate purpose.
It listed at Rs 222 on the BSE and touched a intra-day high of Rs 223 and a low of Rs 200.
Over 28.5 million shares were traded on both the stock exchanges.
The company raised Rs 508 crore through initial public offer (IPO) which had received an overwhelming response from investors and was over-subscribed 19.74 times.
The company has fixed the issue price at Rs 180 per share, the upper end of the price band. The price band for the IPO was fixed at Rs 173-180 per share.
Non institutional investor’s category quota got subscribed 88.78 times. The qualified institutional buyer category quota was subscribed 26.62 times, while the retail quota was subscribed 2.14 times, the basis of allotment data shows.
The company plans to utilise funds from the fresh issue towards repayment of loan and for other general corporate purpose.
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