Saturday, August 1, 2009

Mahindra Holidays IPO - Listing

The time has come back for IPOs now with the stock market rising sharply over the last 2 months. Mahindra Holidays and Resorts India (MHRIL) issued the IPO at Rs. 300 and was subscribed 9.8 times. The proceeds from MHRIL’s issue are expected to be deployed in the setting up of new projects and expansion of some of the existing resorts.

It ended its first trading session with a premium of 5.82% to its issue price of Rs 300. The share closed at Rs 317.45 on the NSE.

It had listed at Rs 370 on the NSE at a premium of 23.33% to its issue price. On the BSE, the share had opened at Rs 315, at a premium of 5% to its issue price.

It touched an intraday high of Rs 374.50 and intraday low of Rs 311.35. The total traded quantity was 1,27,46,398 shares and turnover was at Rs 41452.56 lakh. On the BSE, it touched an intraday high of Rs 339.70 and intraday low of Rs 311.10.

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