Aqua Logistics which had tapped the capital markets with a public issue in a price band of Rs 220-230. The issue had opened on Jan25th and was supposed to close on Jan 28th. Unfortunately the company did not garner adequate response, and the issue had to be extended with the price band revised to Rs 200-225. The issue did get subscribed and the price band fixed was Rs 220.

The share listed on the BSE and NSE, with the listing ceremony done at the BSE. The share opened at Rs 219.40 and made a high of Rs 237.20 with the open itself being the low. On the NSE the share opened at Rs 225 with a marginal dip to Rs 223.75 being the low and the high being Rs 237.70.

Exchange	Open	High	Low	Close	Net Change	% gain	Volume	Wt Avg
BSE	219.40	237.20	219.40	235.80	15.80	7.18	7507615	232.42
NSE	225.00	237.70	223.75	235.85	15.85	7.20	10306634	232.77
Total							17814249

The share has seen brisk volume and in the first 100 minutes of trade, the traded volume is 1.78 cr shares. The issue was for 75 lakh shares which means that the share has already seen a volume of 2.37 times the issued capital. The share is currently holding itself. It must be mentioned that the issue was extremely expensive and did not merit investment.
Irrespective of the price, investors must stay away from this share.