Public RelationsDB Corp dazzles on Day 1
DB Corp ended a Rs 265, stronger by about 25% to its issue price of Rs 212.
- Godrej Properties commands 9% premium on debut - JSW Energy makes a lacklustre debut - DB Corp to list on on Jan 6; issue price at Rs 212 - JSW Energy to invest Rs 40,000 cr in 8,000 MW projects - JSW Energy listing tomorrow; issue price at Rs 100 - Godrej Properties listing on Jan 5
The stock opened at Rs 250 and touched a high of Rs 274 and a low of Rs 235 during the day.
The counter saw total trades of 19,917,345 on Day 1.
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(Updated at 0909 am)
DB, which publishes Dainik Bhaskar, today listed at a significant premium of 18% (Rs 38) at Rs 250 when compared to its issue price of Rs 212.
The company"s IPO had received an overwhelming response, with subscribtion of nearly 40 times the issue size. The issue was finally prized at the higher end of the IPO band of Rs 180-212.
The stock zoomed to a high of Rs 274, and is now trading at Rs 258, up 22%. The counter has seen hectic activitiy with over 3 million shares changing hands on the BSE in the first five-odd minutes.