Jindal Cotex shares listed today on the BSE and NSE. The shares listed at Rs 75 on the BSE and Rs 77 on the NSE. The company had issued shares in the price band of Rs 70-75 and the allotment of shares was at Rs 75. A total of 112,50,000 shares were issued to various categories of investors.
| Exchange | Open | High | Low | Close | Net Change | Volume | Delivery | Del % age | Wt Avg |
| BSE | 75.00 | 93.45 | 75.00 | 87.25 | 12.25 | 24326202 | 2877857 | 11.83 | 87.45 |
| NSE | 77.00 | 93.50 | 76.10 | 87.30 | 12.30 | 29227437 | 2784389 | 9.53 | 87.59 |
| Total | 53553639 | 5662246 | 10.57 | ||||||
The total traded volume in Jindal Cotex on both the exchanges combined was 5.36 cr shares. The traded volume on day one saw the issued capital change hands 4.76 times. The shares marked for delivery were 2877857 and 2784389 shares on the BSE and NSE respectively making a total of 5662246 shares or 50.33% of the total shares which were offered in the IPO.
This very high delivery certainly indicates people wanting to exit on day one as they are making money after a long time in a small sized issue. What is important that with half the shares sold or delivered they have been accumulated by stronger hands? In the next few days we will know who has bought these shares and what’s in store for the investors of this company.
