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Wednesday, Mar 22, 2006


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Nitco Tiles lists at 2% premium on BSE

Our Bureau


NEW BEGINNING: Mr Vivek Talwar, Managing Director, Nitco Tiles Ltd, at the listing ceremony of the company's shares at BSE on Tuesday. - Shashi Ashiwal

Mumbai , March 21

Shares of Nitco Tiles Ltd were listed on the BSE today at Rs 172, at a premium of 2.38 per cent compared to the issue price of Rs 168. On the NSE, the shares made its debut at Rs 180, a premium of 7.12 per cent from the issue price.

The share closed higher at Rs 182.90 on the BSE and at Rs 189.90 on the NSE, a premium of about nine per cent from the issue price.

The IPO of one-crore shares were subscribed 4.68 times.

Over 2.1 crore shares were traded on the NSE while another 1.44 crore shares were traded on the BSE.

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