Sunday, November 16, 2008

Alkali Metals IPO - Listing Status

Alkali Metals had come out with a public issue of 25,50,000 equity shares of Rs 10 each, which was subscribed 1.03 times. The share got listed on 6th Nov.

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.

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. 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 finally closed at Rs 173. 4 on the NSE, at a huge premium of 68.35% to its issue price of Rs 103. On the BSE, the share closed at Rs 173.15 at a premium of 68.11%. This is surprising considering the recent bloodbath that was witnessed in most shares and specifically IPOs.

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