It was a contrasting day for the two initial public offers (IPOs) which got listed today. Syncom Healthcare closed at a premium to the issue price while Vascon Engineers at a discount.
Syncom Healthcare, which priced its IPO at Rs 75, listed with a premium of 17.3 per cent at Rs 88 on BSE. The company’s shares touched a high of Rs 101 and closed at Rs 87.85, up 17 per cent to the issue price. Syncom was one on the top on the volume charts in today’s trading with turnover of Rs 247.37 crore.
Meanwhile, Vascon Engineers listed at a marginal premium at Rs 170 to the issue price of Rs 165, but quickly slipped below that. The share touched a low of Rs 144 and closed at Rs 147.20, down 10.8 per cent from the issue price. The volume in Vascon was comparatively low with 5.95 million shares traded on BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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