Texmo Pipes and Products Limited listed yesterday on the BSE and NSE with a bang. The share opened at Rs 101.50 on the BSE and Rs 92.80 on the NSE. The opening prices itself were the low. The volume traded on the exchange was 7.42 cr shares which is 14.84 times the IPO size of 50 lakh shares.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 101.50 | 140.70 | 101.50 | 137.25 | 47.25 | 52.50 | 131.25 | 33696283 | 1214835 | 3.61 |
| NSE | 92.80 | 139.90 | 92.80 | 137.15 | 47.15 | 52.39 | 131.58 | 40523703 | 1467040 | 3.62 |
| Total | 74219986 | 2681875 | 3.61 | |||||||
The issue was priced at Rs 90 and the weighted average of the day’s trade at Rs 131.25 and Rs 131.58 respectively. The delivery was 26.82 lac shares which as a percentage of traded volume was a mere 3.61% but what is unusual is that the delivery percentage to IPO size is 53.6%, substantially less than other comparable issues. In the recent past we have seen that the first day delivery percentage varies from 75-85% on day one itself.
The trading pattern indicates that the stock has some more upside left in it.
