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Shalby makes sluggish debut after Rs 504-cr IPO; stock lists 3.5% lower

In terms of equity volume, 18.05 lakh shares of the company were traded on BSE and over 10 million shares changed hands at NSE during the day

Press Trust of India  |  New Delhi 

Shalby IPO, BSE
Dr Vikram Shah, Chairman and MD, Shalby Ltd, Dr Darshini Shah, Director at the gong with other dignitaries, on the occasion of the listing ceremony of Shalby Limited held today in Mumbai at the NSE

of Ltd made a sluggish debut on bourses today, ending 3.5 per cent lower over the issue price of Rs 248.

The stock listed at Rs 237, down 4.43 per cent from the issue price on During the day, it dipped 4.77 per cent to Rs 236.15. It finally ended at Rs 239.25, a loss of 3.52 per cent.

At NSE, of the company slipped 3.38 per cent to close at Rs 239.60.

In terms of equity volume, 18.05 lakh of the company were traded on and over 10 million shares changed hands at during the day.

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The Rs 504 crore-IPO, opened for subscription from December 5-7, was subscribed 2.8 times at a price band of Rs 245-248 per share.

The IPO proceeds will be utilised for repayment of loans and purchase of medical equipment.

First Published: Sat, December 16 2017. 01:53 IST
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