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Our Bureau

Mumbai , Dec. 20

The stock of Sobha Developers Ltd made its debut at the NSE at Rs 1120, a premium of 75 per cent to its issue price of Rs 640. The company is a real estate developer with income from residential and contractual projects.

The stock reached an intra-day high of Rs 1,248 and settled at Rs 926.65 on the NSE.

It opened at Rs 1,111.25 on the BSE, a premium of 73.6 per cent, touched an intra-day high of Rs 1,179 and closed at Rs 968.75.

The company had offered 88.9 lakh equity shares of Rs 10 each through 100 per cent book-building process.

Ruchira Papers

Ruchira Papers Ltd, a Himachal Pradesh-based kraft paper manufacturer, was listed on the BSE at Rs 24.35 at a premium of 5.8 per cent to its issue price of Rs 23. The stock slipped to an intra day low of Rs 20.65, before settling at Rs 20.95.

On the NSE, the share opened at Rs 24, a premium of 4.3 per cent, moved to an intra - day high of Rs 24.50 and closed at Rs 21.05.

The company had offered 1.11 crore-equity shares of Rs 10 each through 100 per cent book building process

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