BS Transcomm Limited which had tapped the capital markets with an IPO for 77 lakh shares listed yesterday and had a great start. The share opened on the BSE at Rs 251 and on the NSE at Rs 257. The highs were Rs 399 on the BSE and Rs 398.40 on the NSE. The lows were Rs 247.80 on the BSE and Rs 239 on the NSE. The high of the share was a gain of Rs 150 or 60%. This was a spectacular performance by all standards.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 251.00 | 399.00 | 247.80 | 378.50 | 130.50 | 52.62 | 323.68 | 22935966 | 1378092 | 6.01 |
| NSE | 257.00 | 398.40 | 239.00 | 381.25 | 133.25 | 53.73 | 326.18 | 30016180 | 1529552 | 5.10 |
| Total | 52952146 | 2907644 | 5.49 |
The issue had received lukewarm response and was just about subscribed at 1.10 times. This website had recommended subscription to the issue based on the fundamentals. The performance has vindicated the stand and future quarterly results will indicate the strength of the same.
The total traded volume on the exchange was 529.52 lakhs which was 6.87 times the IPO size of 77 lakh shares. The total delivery volume was 29.07 lakh shares or 5.49% of the traded volume. As a percentage of the IPO size, the delivery percentage was 37.76% which is lower than the normal average.
The weighted average of the share was between Rs 323-326 which is significantly lower than the closing price of Rs 380. If one even sold at the weighted average price the profit per share would have been Rs 75 per share or 30% and allotment to retail investors was 100%. There was no institutional activity in the share and today’s price movement could be crucial for the share going forward.
Great debut for BS Transcomm.
