Bajaj Corp Listing day one: Share holds steady, up Rs 100 or 15%

Bajaj Corp Limited listed its shares on the BSE and NSE yesterday. There was a listing ceremony held at the NSE. The share listed at Rs 730 on the BSE and Rs 760 on the NSE. The highs were Rs 812 on the BSE and Rs 816.95 on the NSE respectively. The low was Rs 730 on the BSE and Rs 747.65 on the NSE respectively.

Exchange Open High Low  Close Net Change % gain Wt Avg Volume Delivery Del % age
BSE 730.00 812.00 730.00 758.25 98.25 14.89 768.83 3707538 484920 13.08
NSE 760.00 816.95 747.65 758.75 98.75 14.96 768.26 5863899 1044201 17.81
Total 9571437 1529121 15.98

The share saw a reasonable amount of trading and the total traded volume was 95.71 lac shares or 2.12 times the IPO size of 45 lakh shares. The delivery volume was 15.29 lakh shares which was just about 16% of the traded volume but almost 34% of the IPO size. Investors have made a clean Rs 100 on a minimum basis per share allotted. Retail investors who had applied for the maximum of Rs 1 lakh were allotted 23 shares implying that they have made a minimum of Rs 2300 per application. Readers would recall that the issue had closed on the 5th of August.

The share held steady throughout the day and moved in a narrow range after the first hour of trading. The listing has been good and well begun is half done. The launch of new products would be keenly watched by the markets and also the competitors.

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