IL&FS Transportation Network Limited listed on the BSE and NSE today. It had a listing ceremony on the NSE. The IPO was in a price band of Rs 242-258 and consisted of a fresh issue and offer for sale which together raised Rs 700 crs. The issue was priced at Rs 258 and at that price was for 271.31 lakh shares.
The share opened at Rs 287 on the BSE and Rs 266.60 on the NSE respectively. The high on BSE was Rs 295 while on the NSE it was Rs 299. The lows were Rs 274 on the BSE while it was the open of 266.60 on the NSE. Brisk trading was witnessed on the counter with a combined traded volume of 254.40 lakhs against the IPO size of 271.3 lakhs. This means that in the first two and half hours of trade the scrip has witnessed a trading volume of roughly 94% of the IPO size.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 287.00 | 295.00 | 274.00 | 275.50 | 17.50 | 6.78 | 9851558 | 282.50 |
| NSE | 266.60 | 299.00 | 266.60 | 275.50 | 17.50 | 6.78 | 15587997 | 282.58 |
| Total | 25439555 |
The share seems to be under pressure currently and how the day pans out would be important to see as the day progresses. The IPO was very well received and was subscribed over 33 times.
