 "4 IPO’s rally up to 125% after subdued listing in 2017")
PSP Projects, Eris Lifesciences, Tejas Networks and Security and Intelligence Services (India) (SIS) rallied up to 125% against their issue price after making a weak debut on the bourses during the calendar year 2017 (CY17).
Except Tejas Networks, which gained 2.5%, the market price of the remaining three companies remained below their respective issue prices on the first day of their listings.
The strong financial performance and positive corporate announcements led the rally in these stocks post their listings.
PSP Projects, the largest gainer among the pack, zoomed 125% against its issue price of Rs 210 per
Except Tejas Networks, which gained 2.5%, the market price of the remaining three companies remained below their respective issue prices on the first day of their listings.
The strong financial performance and positive corporate announcements led the rally in these stocks post their listings.
PSP Projects, the largest gainer among the pack, zoomed 125% against its issue price of Rs 210 per
