Three companies today made their debut on the bourses and ended the day on a mixed note. While Bedmutha Industries saw its share price almost double on day one itself, Sea TV Networks managed to stay above the issue price and close with marginal gains. Ashoka Buildcon, however, fell below its issue price.
Shares of Bedmutha Industries, which plans to set up a new plant at Nashik, surged nearly 90 per cent. On the National Stock Exchange (NSE), the shares opened at Rs 113.5, higher than its issue price of Rs 102 per share. Later in the day, it touched a high of Rs 204, before settling at Rs 192.9, a gain of Rs 90.9, or 89.12 per cent. On the Bombay Stock Exchange (BSE), it closed at Rs 180.80.
Meanwhile, Ashoka Buildcon saw its share price fall marginally below its issue price of Rs 324. On NSE, it closed at Rs 317.05, down by 2.15 per cent. It had touched an intra-day high and low of Rs 362.70 and 308.10, respectively. On BSE, it ended at Rs 333.35.
The third listing of the day was Sea TV Networks, which, incidentally, listed only on BSE. It opened at Rs 120 and touched a high of Rs 126.15, before settling at Rs 105.05, higher than its issue price of Rs 100.