• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Nov. 22 Varun Industries Ltd, an exporter of stainless steel products, on Thursday made its debut in the capital markets at a premium of 75 per cent against the issue price of Rs 60 on the NSE.

It opened at Rs 105, touched a high of Rs 140 and a low of Rs 93.6, before closing at Rs 112.2. Total number of shares traded was 1.41 crore shares On the BSE, it opened at a premium of 75 per cent against the issue price.

It hit an intra-day high of Rs 150 and a low of Rs 94.2, and closed at Rs 112.65, trading a total of 1.11 crore shares. The company raised Rs 54 crore through its sale of 90 lakh shares. The funds will be used for brand building, launching products in the domestic market and for working capital.

More Stories on : IPOs | Steel | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Corporate developments

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line