Tarapur Transformers Listing morning Sedate start: around issue price

The company had tapped the capital markets with its maiden IPO during the 26th and 28th of April. The price band was Rs 65-75 and the issue was subscribed 1.74 times. The company had sold 85 lakh shares.

The share listed today on the BSE and NSE and the opening price was Rs 75 on the BSE and NSE respectively. The highs were Rs 80.80 on the BSE and Rs 81 on the NSE. The lows were Rs 70.20 on the BSE and Rs 70.35 on the NSE respectively.

Exchange Open High Low  Close Net Change % gain Volume Wt Avg
BSE 75.00 80.80 70.20 77.60 2.60 3.47 12907555 78.28
NSE 75.00 81.00 70.35 77.85 2.85 3.80 14076650 78.44
Total 26984205

The traded volumes are very brisk and in the first two hours over 2.70 cr shares have been traded. This traded volume is 3.17 times the IPO size. It may also be mentioned here that the issue had received adequate response from HNI and retail investors and not enough from the QIB category. The share is holding itself at round the 77.50-78 level providing an exit route to all investors. More on this share at the end of the day when delivery figures are available.

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