Alkali Metals: Ends with 68.35% premium ~ IPO India: IPO News India, Latest IPO News from Share Market India, Indian IPO News

Thursday, November 6, 2008

Alkali Metals: Ends with 68.35% premium

Alkali Metals closed at Rs 173. 4 on the NSE, at a huge premium of 68.35% to its issue price of Rs 103.

On the NSE, the share touched an intraday high of Rs 179 and intraday low of Rs 99. The total traded quantity was 1,06,70,652 shares and turnover was Rs 16855.36 lakh.

On the BSE, the share closed at Rs 173.15 at a premium of 68.11%. On BSE its intraday high was at Rs 179.3 and intraday low was at Rs 90. The total traded quantity was 1,03,16,125 shares

The share had listed at Rs 99 on the NSE against the issue price of Rs 103 at a discount of 3.88% whereas on the BSE the share had opened at Rs 90 at a discount of 12.62% to its issue price.

The company is in the business of manufacturing a range of fine chemicals, based on related chemistry.

The company had come out with a public issue of 25,50,000 equity shares of Rs 10 each, which was subscribed 1.03 times.

Source: Moneycontrol.com

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