Vishwaraj Sugar Industries Limited – Shares Have a Quiet Debut, Gain A Tad

Vishwaraj Sugar Industries Limited which had tapped the markets with its fresh offer for 30 lac shares and an offer for sale of 70 lac shares had a quiet debut. The price band of the issue was Rs 55-60.

The discovered price on both the exchanges was Rs 61.20. While the high was Rs 61.20 on BSE it was Rs 61.50 on NSE. The low was Rs 60.25 on both exchanges. The closing price on both exchanges was Rs 60.35 a gain of Rs 0.35 or 0.58%. The share would trade in the trade-to trade category for 10 trading sessions; hence the traded volume was low. Trade to trade effectively means that there can be no square up or intra-day trading.

Exchange Open High Low Close Net Change % Gain/ Loss Wt.Avg Volume Delivery Del %age
BSE 61.20 61.20 60.25 60.35 0.35 0.58 60.36 807049 807049 100.00
NSE 61.20 61.50 60.25 60.35 0.35 0.58 60.36 1086937 1086937 100.00
Total 1893986 1893986 100.00

Traded volume on the two exchanges was 18.94 lac shares which was 18.94% of the issue size. Considering the spectacular listing on the previous day of IRCTC, this appeared to be exceptionally quiet.

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