Apex Frozen Foods hits new high since listing; up 108% against IPO price

The stock hit a new high of Rs 364, up 8% on BSE in intra-day trade, appreciating 108% against its IPO price of Rs 175 per share

Apex Frozen Foods hit a new high of Rs 364, up 8% on BSE in intra-day trade, appreciating 108% against its initial public offer (IPO) price of Rs 175 per share.

Since its listing on September 4, 2017, the stock of the company engaged in aquaculture products business rallied 73% from Rs 210. On comparison, the benchmark S&P BSE Sensex was down 0.23% during the period.

On first day of its listing, Girik Wealth Advisors Private Ltd PMS had bought 311,077 shares of Apex Frozen Foods at Rs 211.91 per share. Tantallon India Fund purchased 180,825 shares at