Sita Shree Food Products lists 17% premium

Sita Shree Food Products today listed on the National Stock Exchange at Rs 35 a share, a premium of 16.7% over the offer price of Rs 30 a share.

A total of 1.04 crore shares of the company changed hands within the first one hour of trade. The shares rose to a high of Rs 44.40 and touched a low of Rs 33.95.

The company, which is in the business of wheat and pulse processing, had come out with a public issue of equity shares aggregating Rs 31.50 crore priced in a band of Rs 27 to Rs 30 a share.

The issue which ran from March 11 to March 14 was subscribed 2.44 times.

At 1100 hrs, the shares were trading at Rs 42.70 on the NSE.