Intrasoft Technologies Limited announced the price band for its IPO which opens on Tuesday the 23rd of March and closes on Friday the 26th of March. The issue is for 37 lakh shares and the price band is Rs 137-145. The issue will raise Rs 50.69 at the lower end of the price band and Rs 53.65 crs at the upper end of the price band.
The company is better known as the website 123 greetings.
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United Bank of India listed this morning. The PSU bank had come out with an IPO in the price band of Rs 60-66. The issue was open between the 23rd and 25th of February and was very well received. The issue was oversubscribed over 33 times and had received excellent support from QIB’s, HNI’s and retail. Retail investors were offered a discount of 5% in the issue which means that they were offered shares effectively at Rs 63.
The share listed on the BSE at Rs 77 while on the NSE the open was Rs 74.90. The high on both the exchanges was Rs 77 and the lows were Rs 69.80 on the BSE and Rs 70.15 on the NSE respectively.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 77.00 | 77.00 | 69.80 | 72.00 | 6.00 | 9.09 | 17156676 | 72.27 |
| NSE | 74.90 | 77.00 | 69.70 | 72.00 | 6.00 | 9.09 | 32330196 | 72.27 |
| Total | 49486872 |
The share has seen brisk volume in the first 2 and half hours of trade. The total volume is 4.95 cr shares which is just about the IPO size of 5 cr shares. The share is holding itself at around Rs 72 which is a gain of 9% for all investors and over 14% for retail investors who got a discount of Rs 3 per share.
More about the share after delivery details are available at the end of the day.
Shree Ganesh Jewellery House limited has announced its price band for its IPO which opens on Friday the 19th March and closes on Tuesday the 23rd of March. The price band is Rs 260-270. The issue consists of a fresh issue of 1,21,36,497 shares and an offer for sale of 21,33,334 shares by the private equity investor Credit Suisse PE Asia Investments (Mauritius) Limited
The total issue of 1,42,69,831 shares would raise between Rs 371 crs to 385 crs. The company has been graded by CARE and issued a grading of 3/5.
