Mandhana Industries Limited listed its shares today at a listing ceremony on the BSE. The company’s shares are traded on the BSE and NSE. The IPO was open between Tuesday the 27th of April and Thursday the 29th of April. The price band was Rs 120-130 and the issue size was 83 lakh shares.

The issue received very good response and was subscribed over 6.32 times. The issue listed today on the BSE at Rs Rs 132.70 and at Rs 131 on the NSE. The highs were Rs 139.15 and Rs 139.50 respectively. The lows are the issue price of Rs 130 itself. Decent volumes have been seen on the exchanges in the first 75 minutes of trade and close to 1.20 cr shares have been traded. This corresponds to 1.45 times the IPO size of 83 lakh shares.

The weighted average of the share is around Rs 134.70 indicating a gain of Rs 3.70 or roughly 2.85% over the issue price of Rs 130. Considering the fact that the markets have opened weak and are trading more than 1% down since the beginning of the day, this should be taken as a positive start. The company is in the business of manufacturing textiles and is a readymade garment manufacturer as well.

Exchange	Open	High	Low	Close	Net Change	% gain	Volume	Wt Avg
BSE	132.70	139.15	130.00	134.15	4.15	3.19	4656224	134.80
NSE	131.00	139.50	130.00	134.15	4.15	3.19	7301902	134.45
Total							11958126

The delivery figures and how the share trades during the rest of the day would be discussed tomorrow. It would suffice to say that the first hour has been positive for Mandhana Industries Limited.