S H Kelkar and Company makes a good debut

S H Kelkar and Company settled at a premium of 15.17% to Rs 207.30 on BSE, compared with issue price of Rs 180, on its debut on the bourses today, 16 November 2015.

Meanwhile, the BSE Sensex rose 149.57 points, or 0.58%, to settle at 25,760.10.

The stock got listed on the bourses at Rs 222, a premium of 23.33% over the issue price of Rs 180. The stock hit high of Rs 222.70 and low of Rs 199.60.

On BSE, 54.86 lakh shares were traded on the counter.

The initial public offering (IPO) of S H Kelkar and Company was subscribed 27.08 times.

S H Kelkar & Company reported a consolidated net profit of Rs 20.66 crore on total revenue of Rs 223.97 crore in the quarter ended 30 June 2015. The company's consolidated net profit declined 18.61% to Rs 64.38 crore on 11.85% growth in total revenue to Rs 860.33 crore in the year ended 31 March 2015 (FY 2015) over the year ended 31 March 2014 (FY 2014).

S H Kelkar & Company along with its subsidiaries is engaged in the manufacture, supply and exports of fragrances (including aroma ingredients) and flavours.

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