The Hindu Business Line : Barak Valley Cements lists at 55% premium

Mumbai, Nov. 23 The stock of Barak Valley Cements made its debut on the BSE at a premium of 54.76 per cent at Rs 65 against its offer price of Rs 42, while on the NSE, it opened at a premium of 49.05 per cent at Rs 62.60. It touched a high of Rs 72 and a low of Rs 53.10 before closing at Rs 56.05 on the BSE; on the NSE, it hit a high of Rs 67 and a low of Rs 52, before closing at Rs 55.30. About 84.74 lakh shares and 1.14 crore shares were traded on the BSE and NSE respectively.

Rathi Bars

Rathi Bars Ltd today made its debut on the BSE at a premium of 8.57 per cent against the issue price of Rs 35. The shares opened at Rs 38, touched a high of Rs 45 and a low of Rs 31 before closing for the day at Rs 31.90. A total of 62.48 lakh shares were traded.

The company plans to use the proceeds of the issue to part-finance the purchase of plant and machinery for expansion and modernisation. .

Kaushalya Infra IPO

Kaushalya Infrastructure Development Corporation Ltd’s IPO was subscribed 7.20 times. Total number of bids received at cut-off price was 2.69 crore shares and the number of bids received in total was 6.12 crore shares. The issue was oversubscribed by 2.8 times by qualified institutional investors, 17.2 times by non-institutional investors and 10.1 times by retail investors.