Cox & Kings India Limited listed its shares today at the BSE and NSE. There was a listing ceremony held at the BSE and after a fairly long time investors have made decent money in an IPO.
Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
BSE | 304.10 | 415.90 | 304.10 | 407.70 | 77.70 | 23.55 | 6428929 | 389.89 |
NSE | 343.20 | 415.00 | 343.20 | 408.00 | 78.00 | 23.64 | 10790638 | 390.01 |
Total | 17219567 |
The share began trading on the BSE at Rs 304.10 and on the NSE at Rs 343.20. By the end of the first hour of trading the high on the BSE was Rs 415.90 and on the NSE at Rs 415. The current price was Rs 407.70 and Rs 408 on the BSE and NSE respectively. The shares were issued at Rs 330. Total traded volume in the first hour was an impressive 1.72 cr shares which is roughly 0.92 times the IPO size.
We will discuss more of this at the end of day when delivery figures are available.