The Hindu Business Line : Gokul Refoils ends weak on Day 1

Mumbai, June 4 Gokul Refoils and Solvent Ltd, an oilseed processing major, made its debut at a premium of 12.7 per cent against the issue price of Rs 195 on the NSE on Wednesday. It opened at Rs 219.90, touched a high of Rs 224.7 and a low of Rs 178, before closing at Rs 182.05

On the BSE, the stock debuted at a premium of 4.3 per centat Rs 203.45 against the issue price. It touched an intra-day high of Rs 222.3 and a low of Rs 176.30 and closed at Rs 181.05.

The company, which raised about Rs 140 crore, plans to part-finance its expansion and increase warehousing capacities, it said in the offer document.

Anand Rathi Financial Services was the book-running lead manager to the issue.

More Stories on : Stocks | IPOs | Oilseeds & Edible Oil

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

Stories in this Section
Corporate developments

Oil marketing cos slip despite hike

DLF maintains run rate in tough year

Gokul Refoils ends weak on Day 1

Adding fuel to fire: Sensex tumbles on inflation fears, weak global cues

India – the second worst affected market

Bull caged

Fresh shorts seen in Nifty future; 4500 put adds 11.22 lakh shares

Deccan Aviation (Rs 101.45): Sell

Day Trading Guide

Avon Weighing Systems plans Rs 13.73-cr public issue

First Winner IPO price band fixed at Rs 120-130/share