Eros International Media Limited which had tapped the capital markets with an IPO to raise Rs 350 crs listed today at the BSE. The company had issued 2 crore shares in a price band of Rs 158-175. The issue had opened on the 17th of September and closed on the 21st of September. The issue was oversubscribed 26.51 times. The price was fixed at Rs 175.
The company had a listing ceremony at the BSE and noted film actor Sharukh Khan was the Chief Guest. The stock listed at the BSE at Rs 213.35 and at the NSE at Rs 205.45. The highs were Rs 217.70 and Rs 213.95 respectively. The lows were Rs 178.60 and Rs 177.65. Trading values have been brisk and the first four hours of trade saw a combined trading volume of 3.25 cr shares or 1.62 times the IPO size of 2 cr shares. The weighted average was Rs 190.83 and the share was trading marginally below the same at Rs 188.50. The share is trading with an effective gain of Rs 13.50 or 7.7%.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 213.35 | 217.70 | 178.60 | 188.50 | 13.50 | 7.71 | 12296991 | 190.83 |
| NSE | 205.45 | 213.95 | 177.65 | 188.50 | 13.50 | 7.71 | 20222468 | 190.83 |
| Total | 32519459 |
The share seems to be holding itself currently and one hopes that the share would close in positive territory at the end of the day. Would analyse further tomorrow when delivery statistics are available.
