Shree Pushkar Chemicals & Fertilisers Limited – Debuts at a loss of 2%

Shree Pushkar Chemicals & Fertilisers Limited (Pushkar) which had tapped the capital markets with its issue in a price band of Rs 60-65 and raised Rs 70 crs listed at the bourses yesterday. The discovered price was Rs 60.05 on the NSE and Rs 60 on the BSE. Thereafter the share was locked at the upper end at circuit of Rs 63 on the BSE and Rs 63.05 on the NSE.

Exchange  Open  High Low Close Net Change % Gain/loss Wt. Avg Volume Delivery  Del %age
BSE 60.00 63.00 60.00 63.00 -2.00 -3.08 62.08 250449 250449 100.00
NSE 60.05 63.05 60.05 63.05 -1.95 -3.00 61.07 896380 896380 100.00
Total 1146829 1146829 100.00

Shares of Pushkar would trade in the trade to trade segment and a total of 11.46 lakh shares were traded on the two exchanges combined. The weighted average was 62.08 on the BSE and Rs 61.07 on NSE. Though the price at close was lower than the issue price it appears as the same would bounce in the next couple of days and investors in the IPO would be able to make money.

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