 "A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)")
Valiant Organics was locked in upper circuit at Rs 317, up 20% on the BSE for the second straight trading sessions post its listing on Friday, October 14, 2016.
With today’s surge, the stock appreciated by 44% against its initial public offer (IPO) price of Rs 220 per share. Valiant Organics got listed on BSE’s small and medium enterprise (SME) platform.
Till 01:17 pm, around 16,000 shares changed hands and there were pending buy orders for 337,200 shares on the BSE.
Valiant Organics came out with an IPO of 964,800 shares of face value of Rs 10 each at a fixed price of Rs. 220 per share. The company got investment from leading fund house Reliance Mutual Fund for its public issue.
Valiant Organics is a chemical company with focus on manufacturing and marketing of different types of chlorophenol, which has several applications in agro-chemical, pharma, dye industries as well as manufacturing of cosmetics and veterinary drugs.
With today’s surge, the stock appreciated by 44% against its initial public offer (IPO) price of Rs 220 per share. Valiant Organics got listed on BSE’s small and medium enterprise (SME) platform.
Till 01:17 pm, around 16,000 shares changed hands and there were pending buy orders for 337,200 shares on the BSE.
Valiant Organics came out with an IPO of 964,800 shares of face value of Rs 10 each at a fixed price of Rs. 220 per share. The company got investment from leading fund house Reliance Mutual Fund for its public issue.
Valiant Organics is a chemical company with focus on manufacturing and marketing of different types of chlorophenol, which has several applications in agro-chemical, pharma, dye industries as well as manufacturing of cosmetics and veterinary drugs.
