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RBL Bank lists at 22% premium over issue price

Lists at Rs 274 on the National Stock Exchange (NSE), a 22 per cent premium over its issue price of Rs 225

Ashley Coutinho  |  Mumbai 

The line-up of companies with a healthy showing on listing day seems to be increasing. On Wednesday, RBL Bank shares listed at Rs 274 at the start of trade on National Stock Exchange, a 22 per cent premium over its issue price of Rs 225 per share.

The stock hit an intraday high of Rs 305 before closing at Rs 299.95, a day-one gain of 33.3 per cent over the issue price. RBL is not the only firm to make a stellar debut this year. Eleven of the 16 firms that listed this year have ended with double-digit day-one gains between 10 and 59 per cent. "Over the last few months, there has been a ...

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First Published: Wed, August 31 2016. 22:48 IST
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