Performance of Newly Listed Shares 23rd July 2010

Name Date of listing Issue Price closing  price closing price % gain loss  change over
23rd July 16th July over week  lssue price
Parabolic Drugs 1st July 75.00 59.85 60.05 -0.33 -20.20
Technofab Engineers 16th July 240.00 284.00 295.65 -3.94 18.33
Hindustan Media Ventures 21st July 166.00 187.2 N A 12.77 12.77

Midfield Industries: Issue Subscribed

Midfield Industries Limited which had tapped the capital markets for an issue of 45 lakh shares in a price band of Rs 126-133 received an over whelming response. The issue was subscribed almost 13 times with HNI’s and retail lapping up the issue.

The details of the subscription are as follows: –

Category Shares offered Shares Bid Subscription Ratio
QIB 2250000 4190050 1.86
NII 675000 32675100 48.41
Retail 1575000 21283100 13.51
TOTAL 4500000 58148250 12.92

Hindustan Media Ventures Listing day one

Creditable performance, share closes up almost 14%

Trading in the shares of Hindustan Media Ventures Limited (HMVL) began yesterday on the BSE and NSE. The company had launched its IPO in a price band of Rs 162 to Rs 175 to raise Rs 270 crs. The issue price fixed was Rs 166. The issue had received a decent response on the last day which saw the issue getting over subscribed. Retail interest was a little muted in this issue.

The share began trading on the BSE at Rs 170 and made a high of Rs 191.90. The open was the low on the exchange. On the NSE the share opened at Rs 177.95, a high of Rs 191.85 and a low of Rs 174.15. Trading volumes were brisk with a total of 4.15 cr shares being traded. The issue size was 1.626 cr shares which mean that the traded volume as a percentage of IPO size was 2.55 times. Delivery volume was 64.07 lakh shares which is 15.43% of the traded volume and 39.39% of the IPO size.

Exchange Open High Low  Close Net Change % gain Wt Avg Volume Delivery Del % age
BSE 170.00 191.90 170.00 189.20 23.20 13.98 184.40 14943690 2150047 14.39
NSE 177.95 191.85 174.15 188.95 22.95 13.83 184.63 26590264 4257219 16.01
Total 41533954 6407266 15.43

The share saw good volumes, reasonable deliveries and not much retail interest in the stock. The share is likely to remain in positive territory today. Results for this quarter and the coming one are going to be very interesting as they get ready to take on ‘Dainik Bhaskar’ who launches its newspaper in Ranchi and Jharkhand state in the coming month.

The share was expensive at the issue price and with this 13-14% rise becomes that much more expensive.

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