Aishwarya Telecom ends with 160% premium ~ IPO India: IPO News India, Latest IPO News from Share Market India, Indian IPO News

Wednesday, May 7, 2008

Aishwarya Telecom ends with 160% premium

Aishwarya Telecom manufacturer of Test and Measurement Instruments like Mobile Tester, Fiber Optic Tester, Data Tester, Cable Fault Locator, etc closed at Rs 90.85 on the BSE with a premium of 160% on its issue price of Rs 35.

The share touched an intraday high of Rs 93 and an intraday low of Rs 50.10. Its total traded quantity was 8,27,85,723 shares.

The share opened at Rs 50.10 with a premium of 42.14 % on the BSE

Aishwarya Telecom is one of the important players in the T&M industry, which mainly supplies its products to major telecom operators.

The company had come out with its initial public offering of 40 lakh shares, which was subscribed 20 times.

Source: Moneycontrol.com

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