Man Infraconstruction Limited listed yesterday on the BSE and NSE. The company had issued 56,25,150 shares at Rs 252. The issue had received excellent support and was very received by all categories of investors. The stock listed on the BSE at Rs 335 while on the NSE it listed at Rs 318. The opening prices itself were the lows of the day. The stock made a high of Rs 374.90 on the BSE and Rs 375 on the NSE respectively.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 335.00 | 374.90 | 335.00 | 348.25 | 96.25 | 38.19 | 360.15 | 16508586 | 1020397 | 6.18 |
| NSE | 318.00 | 375.00 | 318.00 | 349.85 | 97.85 | 38.83 | 360.68 | 20461610 | 2139337 | 10.46 |
| Total | 36970196 | 3159734 | 8.55 |
The share after hitting its highs was trading in a band of Rs 355-370 for quite some time and was fairly well traded. The last half hour or so saw selling pressure and the share lost ground rapidly to close below Rs 350, but with a net gain of about 38%. Trading volumes were brisk and 3.697 cr shares were traded or roughly 6.5 times the IPO issue size of 56.25 lakh shares.
The delivery volume was 31.60 lakh shares which was 8.55% of the total traded volume and 56% of the IPO size. This number is not too high by recent standards and it appears that yesterday’s last half hour fall was on account of intraday players liquidating their position.
The share should see upward movement during the day today.
