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Mumbai, July 4 The stock of Vishal Retail Ltd., the company engaged in selling garments, apparels and FMCG products through its retail stores, made its debut on the stock markets with a premium of 75 per cent at Rs 472.50 against its issue price of Rs 270. No other new issue has made its debut with such a huge premium on the bourses in the year 2007.

The IPO Vishal Retail had also received tremendous response and was oversubscribed 81 times.

Today, the stock peaked at Rs 809 on the BSE, while it touched an intra-day low at Rs 423.25 before closing at Rs 752.20. On the NSE, the stock touched an intra-day high at Rs 784.40, a low at Rs 472.50 before settling at Rs 753.10.

A total of 1,14,17,790 shares exchanged hands on the BSE, while on the NSE, the total traded quantity of shares was 1,90,79,150.

The stock listed in a rising yet volatile stock market. The BSE- Sensex closed at an all time high at 14,880.24 points, up 73.73 points.

In 2007, while majority of the new issues were listed at a premium on the bourses, many failed to sustain the gains and ended the day at a discount to the offer price.

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