Share Slips below issue price and recovers to trade 14% higher
Bedmutha Industries Limited listed at a glittering listing ceremony at the BSE today. The share listed at Rs 114.40 on the BSE and Rs 113.50 on the NSE. The high on the BSE was Rs 119.75 and Rs 120 on the NSE. The share made a similar low of Rs 98 on both exchanges.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 114.40 | 119.75 | 98.00 | 117.25 | 15.25 | 14.95 | 27488999 | 108.92 |
| NSE | 113.50 | 120.00 | 98.00 | 117.25 | 15.25 | 14.95 | 44766842 | 109.00 |
| Total | 72255841 |
After the first three hours of trade which saw extreme volatility and huge turnover, the share is still trying to find its base. The total traded volume was 722.55 lakh shares which is 8 times the IPO size of 90 lakh shares. Readers would recall that the IPO was priced at the top end of the price band at Rs 102.
The weighted average is Rs 109 and the share is trading higher than that, but it doesn’t take too long to change when there is such large volume happening. It would be important to see what happens at the end of day and what quantity is delivered.
