Syncom Healthcare Limited began trading on the BSE and the NSE with a big bang. The share opened on the BSE at Rs 88 and rose to Rs 103.85 and is currently trading at around those levels. The open was also the low of the share. On the NSE the share opened at Rs 89.90, made a high of Rs 103.80, a low of 88.75 and is currently trading around the highs. The share has had very brisk trading and already a volume of 2.49 cr shares has been achieved.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 102.00 | 106.40 | 101.00 | 102.55 | 27.55 | 36.73 | 12448004 | 103.27 |
| NSE | 106.00 | 106.35 | 101.00 | 102.55 | 27.55 | 36.73 | 29568121 | 103.27 |
| Total | 42016125 |
Syncom Healthcare Limited was oversubscribed over 5 times and had received excellent response from Non-institutional investors who had subscribed their allocation by 16.6 times and retail portion which was subscribed by 6.2 times. The issue was for 75 lac shares and was issued in a price band of Rs 65-75 with the price fixed at Rs 75.
The weighted average after 100 minutes of trade is around Rs 98.26 and the current market price around Rs 103.35. Excellent listing and clearly shows that fundamentals alone do not decide listing day price movements. Retail investors who cash out would have made a killing in this issue.
We would review this stock at the end of day based on price and delivery volume.
