Shares of S H Kelkar and Company Limited debuted on the bourses yesterday and were off to a flying start. The company had tapped the capital markets with its fresh issue of Rs 210 crs and an offer for sale of 1.31 cr shares in a price band of Rs 173-180. The issue received excellent response with anchors being allotted 84.67 lakh shares and the overall issue being subscribed 27.08 times. The QIB portion was subscribed over 25 times and the HNI portion a massive 87 times. The overall issue was subscribed 27.08 times.
| Exchange | Open | High | Low | Close | Net Change | % Gain/loss | Wt. Avg | Volume | Delivery | Del %age |
| BSE | 222.70 | 222.70 | 199.60 | 207.30 | 27.30 | 15.17 | 208.50 | 5486355 | 1780931 | 32.46 |
| NSE | 223.70 | 225.05 | 200.00 | 208.25 | 28.25 | 15.69 | 208.96 | 23112419 | 8904936 | 38.53 |
| Total | 28598774 | 10685867 | 37.36 |
From the table above one can see that the traded volume was 285.98 lakh shares which was 1.05 times the issue size and delivery volume was 106.85 lakhs which was 37.36% of the traded volume. This was 39.24% of the issue size and a massive 56.95% if one excludes the anchor portion which has a lock in for 30 days. There were two names of buyers on the NSE with Mondrian Emerging Markets buying 11,25,559 shares and T Rowe Price buying 8,90,000 shares. The two together have bought 20.15 lac shares which is 7.4% of the issue size.
The issue had a discovered price which was the high of the day at the BSE of Rs 222.70 and Rs 223.70 on the NSE. The share slipped from these levels and settled around the weighted average of Rs 208.50on the BSE and Rs 208.96 on the NSE. Investors have made gains and also the leveraged HNI has made money.
The buying interest by FII’s will ensure continued interest in the share in the coming days. A good issue and great performance to end the third of the trio amongst CCD, Indigo and SHK.
