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Tuesday, May 24, 2005
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Mangalam Drugs gains 54 pc over issue price

Our Bureau

Mumbai , May 23

SHARES of Mangalam Drugs & Organics Ltd made their debut on the Bombay Stock Exchange at Rs 30, higher than the issue price of Rs 22.

The company had raised Rs 14.3 crore through an initial public offering.

The shares touched a high of Rs 35.10 and a low of Rs 27 in today's trade. The stock ended at Rs 34, a gain of 54 per cent over the offer price.

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