Financial Daily from THE HINDU group of publications
Tuesday, Apr 11, 2006
Financial Daily from THE HINDU group of publications Tuesday, Apr 11, 2006 |
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Markets
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IPOs Our Bureau
Mumbai , April 10 Shares of Shivalik Global Ltd, a vertically integrated textile company, was listed on the BSE on Monday, at a premium of over 16 per cent at Rs 70, compared to the issue price of Rs 60. On the NSE, the shares were listed at Rs 72, a premium of 20 per cent from the issue price. The shares closed higher at Rs 83.65, which is a significant premium of over 39 per cent from the issue price. On the NSE, the shares ended at Rs 82.55. About 1.77 crore shares were traded on the exchanges. The Delhi-based Shivalik Global raised Rs 60 crore through the IPO to part fund its expansion plans involving setting up a new readymade manufacturing unit, besides other capital expenditures.
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