Cox and Kings listed on Friday the 11th of December 2009. It was a dream listing for any company. Investors have made money in an issue after a long long time. The share listed at Rs 304.10 on the BSE and Rs 343.20 on the NSE and then never looked back. It was simply as if the share from a travel company actually ‘took off’. The share touched a high of Rs 433.45 and Rs 433.90 on the BSE and NSE respectively. The stock closed off its highs at Rs 426.05 and Rs 425.40 on the BSE and NSE respectively. The net gain for the stock which was issued at Rs 330 was a staggering 29.11% on the BSE and 28.91% on the NSE respectively.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 304.10 | 433.45 | 304.10 | 426.05 | 96.05 | 29.11 | 407.33 | 16954687 | 2217673 | 13.08 |
| NSE | 343.20 | 433.90 | 343.20 | 425.40 | 95.40 | 28.91 | 62.75 | 29896728 | 5225384 | 17.48 |
| Total | 46851415 | 7443057 | 15.89 |
Volumes on the exchanges were high and 1.69 cr shares on the BSE and 2.99 cr shares on the NSE were traded. The combined volume at 4.22 cr shares was 2.28 times the size of the IPO of 1.85 cr shares. Retail investors had received full allocation in this share issue and were probably active sellers, making huge money on day one itself. Deliveries on the two exchanges at 22 lacs and 52 lacs totalled 74.43 lacs or 15.88 % of the issued capital. The company had issued 1.85 cr shares and raised Rs 610.39 crs. This included an offer for sale of about 30.46 lacs. This meant the company has raised Rs 509.85 crs from this issue.
I had written in my article on the IPO, “Make money when people holiday”. I believe people have made money and that is a good thing for reviving interest in primary markets.
