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Our Bureau

Mumbai, March 27 Shares of Brandhouse Retail, a company that was demerged from the parent company S Kumars Nationwide Ltd, were listed on the NSE and BSE on Friday.

Brandhouse Retail’s equity shares of Rs 10 face value opened at Rs 106 on the NSE. Within minutes, the stock plummeted to a low of Rs 18.75. Its closing price of Rs 19.90 was more than 81 per cent lower from the initial listing price. On the BSE, Brandhouse touched a high of Rs 99 in the opening move and closed at Rs 19.15.

The company has a share capital of Rs 51.99 crore and 56 per cent is held by the promoters, Mr Nitin S Kasliwal and associates. FIIs held 24 per cent and the rest was held by the public.

Shares of S Kumars Nationwide closed 15.67 per cent higher at Rs 20.30 on the BSE.

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