 "Shree Pushkar Chemicals lists below issue price")
Shares of Shree Pushkar Chemicals & Fertilisers have listed at Rs 60.05, 8% below its issue price of Rs 65 on the National Stock Exchange (NSE).
At 10:35 AM, the stock was trading at Rs 62.80 after hitting a high of Rs 63.05 on the NSE. Around 787,921 shares changed hands on the counter so far.
The company engaged in manufacturing dyes and dyes intermediates has raised Rs 70 crore through initial public offer (IPO).
The issue got a lukewarm response, which was subscribed 1.4 times. The company had priced the IPO at the top end of the Rs 61 to Rs 65 per share.
The proceeds from the IPO will be utilised for expansion plans, general corporate purposes and to meet the preliminary and pre-operative and issue expenses.
At 10:35 AM, the stock was trading at Rs 62.80 after hitting a high of Rs 63.05 on the NSE. Around 787,921 shares changed hands on the counter so far.
The company engaged in manufacturing dyes and dyes intermediates has raised Rs 70 crore through initial public offer (IPO).
The issue got a lukewarm response, which was subscribed 1.4 times. The company had priced the IPO at the top end of the Rs 61 to Rs 65 per share.
The proceeds from the IPO will be utilised for expansion plans, general corporate purposes and to meet the preliminary and pre-operative and issue expenses.