Share up 5%
C.Mahendra Exports Limited listed today at the BSE and NSE. The share listed at Rs 111 at the BSE where a listing ceremony was held and at Rs 114 on the NSE. The high was Rs 120.90 on the BSE and Rs 121 on the NSE respectively while the low was Rs 110 on the BSE and Rs 113.05 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 111.00 | 120.90 | 110.00 | 115.50 | 5.50 | 5.00 | 6641845 | 117.39 |
| NSE | 114.00 | 121.00 | 113.05 | 115.40 | 5.40 | 4.91 | 8682607 | 117.39 |
| Total | 15324452 |
The company had come out with an IPO which opened on the 31st of December 2010 and closed on the 6th of January 2011. The issue was fro 1.5 cr shares and was priced at Rs 110 which was the top end of the price band. The issue was subscribed 2.65 times.
The traded volume in the first hour is 153.24 lac shares or 1.02 times the IPO size of 150 lac shares which seems a little on the lower side. The weighted average of the first hour is 117.39 which is higher than the current market price which is hovering around Rs 115-115.50. The stock is looking a little weak and may crack going forward as the volume is not too good and is indicating weakness.
It would be interesting to see where the stock closes today.
