CEBBCO IPO Listing morning: Steady start and share trading in a narrow band around issue price

CEBBCO Limited which had tapped the capital markets with its IPO to raise Rs 153 crs in a price band of Rs 125-127 listed on the BSE and NSE today. The opening price on the BSE was Rs 122.80 while on the NSE it was Rs 119. The high was Rs 144.80 on the BSE and Rs 142.55 on the NSE respectively. The low was Rs 117.75 on the BSE and Rs 116.90 on the NSE respectively. The share is currently trading at around Rs 125.50 which is 2% below the issue price.

Exchange Open High Low  Close Net Change % gain Volume Wt Avg
BSE 122.80 144.80 117.75 124.50 -2.50 -1.97 4717325 127.97
NSE 119.00 142.55 116.90 124.40 -2.60 -2.05 6371401 127.58
Total 11088726

The share saw total traded volumes of 110.88 lakhs in the first 90 minutes of trade. This volume is 81.70% of the total issue size which also included a small offer for sale and made the total issue size 135.75 lakhs. The issue was subscribed 2.07 times with HNI and retail portion remaining unsubscribed.

The weighted average of the traded volume is between Rs 127-60 and Rs 127 indicating that volumes at higher levels have been significant. End of day statistics will decide the trend going forward but it appears that as is the tendency there could be short selling in the share and one may see a spurt towards the end of the day.

Both comments and pings are currently closed.

Comments are closed.

Subscribe to RSS Feed Follow me on Twitter!