Sea TV Network Limited listed on the BSE on the 14th of October at a price of Rs 120. The high was Rs 126.15 and the low was Rs 105.05. The close was Rs 106, a net gain of Rs 6 and 6% over the issue price of Rs 100.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 120.00 | 126.15 | 105.05 | 106.00 | 6.00 | 6.00 | 112.18 | 20863501 | 4257008 | 20.40 |
| Total | 20863501 | 4257008 | 20.40 | |||||||
The company had come out with its IPO to raise Rs 50.20 crs in a price band of Rs 90-100 and was subscribed 9.58 times. The QIB portion was 1.66 times, the HNI portion almost 41 times and the retail portion 7.45 times.
The traded volume was 208.63 lakhs which was 4.16 times the IPO size of 50.2 lakh shares. The delivery was 42.57 lakhs which was 20.4% of the traded volume but a significant 84.8% of the IPO size. On the institutional front Deutsche Securities has sold 1.63 lakh shares.
The share which opened 20% up made its high in the opening few minutes of trade and was under continuous pressure thereafter. The trading volumes were never heavy and there was virtually no bunching of trading. The share slowly but steadily kept on drifting downwards and finally closed at Rs 106.
The share had its listing and almost all investors who have applied and sold shares have made money. One must remember that 85% delivery has happened and also that the weighted average is Rs 112.18. This means that the volumes have happened at higher levels and the price kept on reducing.
The share has listed and provided an exit route to all investors.
