Apex Frozen Foods settles with almost 20% premium
At Rs 209.85 on BSE
Apex Frozen Foods settled at Rs 209.85 on BSE, a premium of 19.91% over the issue price of Rs 175 on its debut on the stock exchanges today, 4 September 2017.
Meanwhile, the S&P BSE Sensex fell 189.98 points or 0.60% to settle at 31,702.25.
The stock opened at Rs 199.90, a premium of 14.22% over the issue price. The stock had hit a high of Rs 209.85 and a low of Rs 195 in intraday trade. On the BSE, 2.44 lakh shares were traded on the counter.
The initial public offer (IPO) of Apex Frozen Foods received strong response from investors. The IPO was subscribed 6.14 times. The company had fixed the IPO price band at Rs 171 to Rs 175 per share.
Apex Frozen Foods is one of the integrated producers and exporters of shelf stable quality aquaculture products.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content