Nitesh Estates Limited listed on the BSE and NSE today. The company had a listing ceremony on the BSE. The IPO was open between the 23rd and 27th of April to raise Rs 405 crs. The company issued 7.5 cr shares at a price of Rs 54 and raised the above amount.
The issue received encouraging support from Anchor Investors and has investors like HSBC, Nomura, SBI and HDFC on its list. The share listed at Rs 50 on the BSE and Rs 54 on the NSE. The highs were Rs 55 on the BSE and Rs 58 on the NSE. The lows were Rs 48.30 on the BSE and Rs 49.10 on the NSE respectively.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 50.00 | 55.00 | 48.30 | 52.05 | -1.95 | -3.61 | 5563775 | 51.81 |
| NSE | 54.00 | 58.00 | 49.10 | 52.55 | -1.45 | -2.69 | 5882655 | 51.85 |
| Total | 11446430 |
Trading volume has been brisk and in the first one hour of trade total traded volume are 1.15 cr shares or roughly 15% of the IPO size of 7.5 cr shares. The share is currently trading around Rs 53 and is showing signs of holding steady just around the issue price. If the stock is able to weather the first day and hold on it would indeed be creditable for the share.
