Share trades around Rs 211 – down over 7%
Shares of Claris Lifesciences Limited listed on the BSE where a listing ceremony was held. The listing price was Rs 224.40 and the high was Rs 224.70. The high was made in the first minute of trade and the share price fell thereafter. The share made a low of Rs 200.05 and the share is trading around Rs 210-11. The share has lost over 7% in the first hour of trade.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 224.40 | 224.70 | 200.05 | 210.60 | -17.40 | -7.63 | 4780690 | 214.06 |
| Total | 4780690 |
The price band of the issue was Rs 278-293 and due to poor response the price band was reduced by the maximum 20% to Rs 228-233. The share price was then fixed as Rs 228 the lower end of the price band. The traded volume is 47.8 lac shares which is 37.8% of the IPO size of 126.32 lakh shares. The weighted average of the day’s trade is Rs 214 which is higher than the share price currently.
Clearly the price and day’s performance indicate the lack of interest of investors in the issue. It would be interesting to see what levels of trading and where the stock price closes at the end of the day.
