Thursday, February 21, 2008

IRB Constructions IPO - Listing

IRB Infrastructure listed on the bourses with equity shares today. The price was fixed at Rs 185. The IPO was subscribed over 4.3 times. The QIB portion was subscribed 6.4 times and HNI 1.6 times. The retail and employee portions were too nearly fully subscribed at 0.99 and 0.94 times.

On the BSE, the stock opened at Rs 170.05, and touched a high/low of Rs 209 and Rs 167.30, respectively. It surged 2.19% to close at Rs 189.05, with volumes of 1,60,78,796 shares. It closed the day at Rs 189.65, which is just above its issue price of Rs 185, up 2.51% or Rs 4.65, with volumes of 2,25,21,617 shares. It touched a high/low of Rs 200 and Rs 168 during the day.

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