S H Kelkar and Company surges on debut

S H Kelkar and Company was trading at a premium of 14.47% to Rs 206.05 at 12:25 IST on BSE, compared with issue price of Rs 180, on its debut on the bourses today, 16 November 2015.

Meanwhile, the BSE Sensex was up 44.07 points, or 0.17%, to 25,653.41.

The stock made a debut 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 so far during the day.

On BSE, so far 32.50 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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