The Hindu Business Line : Indiabulls, Crew B.O.S list at premium, Sah goes below offer

THE stocks of Indiabulls Financial Services and Crew B.O.S Products debuted on the bourses today, at levels higher than their issue prices, while Sah Petroleums opened at issue price.

Indiabulls registered a sound start with an opening price on the BSE at Rs 25, up Rs 6 from the issue price. It touched a high of Rs 26.85 but fell subsequently and closed the day's trade at Rs 23.85. Over 75 lakh shares were traded on the BSE.

On the NSE, it registered a high of Rs 26.95 and a low of Rs 22.60 before closing at Rs 23.75 and over 16 lakh shares were traded. The company had closed its IPO at an issue price of Rs 19 earlier this month.

Crew B.O.S Products had closed the IPO at an issue price of Rs 35. The scrip gained substantially to touch a high of Rs 48.55 on the BSE and closed at Rs 47.15. Over 36 lakh shares were traded in the counter, touching a value of Rs 15.93 crore for the day. On the NSE, Crew B.O.S opened at Rs 36.50, touched a high of Rs 48.85 and closed at Rs. 47.25. Over 82 lakh shares were traded, aggregating a value of Rs 36.48 crore.

Sah Petroleums opened at Rs 35 on the BSE. It touched a high of Rs 37.40 and closed at Rs 33.30. On the NSE, the stock debuted at a high of Rs 44. It subsequently shed Rs 11, before closing at Rs 33.70. Over 23 lakh shares were traded on the NSE at a turnover value of Rs 8.15 crore.