Emmbi Polyarns Limited had tapped the capital markets with an IPO which was open between the 1st of February and the 3rd of February. The price band was between Rs 40 and Rs 45. The issue was subscribed and received excellent support in the HNI category.
| Category | Qty Offered | Qty Received | No of Times |
| QIB | 47,62,000 | 20,40,000 | 0.4284 |
| HNI | 14,28,600 | 79,33,500 | 5.5533 |
| Retail | 33,33,400 | 15,31,650 | 0.4595 |
| Employee | 50,000 | 300 | 0.0060 |
| Total | 95,74,000 | 1,15,05,450 | 1.20 |
Share closes with gains but under pressure
Godrej Properties Limited listed yesterday with a bang. We have had a listing of a new issue after quite some time and this was an important issue simply because the HNI category was subscribed a record 106 times, indicating huge investor interest. The discovered price for the issue was Rs 165.
The share listed at Rs 178.35 on the BSE and Rs 178 on the NSE respectively. The highs were Rs 205.80 on the BSE and Rs 206 on the NSE. The opening price itself was the low on both the exchanges.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 178.35 | 205.80 | 178.35 | 191.60 | 26.60 | 16.12 | 196.59 | 16382299 | 2215149 | 13.52 |
| NSE | 170.00 | 206.00 | 170.00 | 191.80 | 26.80 | 16.24 | 196.60 | 24435160 | 4013843 | 16.43 |
| Total | 40817459 | 6228992 | 15.26 |
The share was well received but the days performance was disappointing. With such a huge response and interest, fireworks were expected but that did not happen. It appeared as if the share was under selling pressure throughout the day. The total traded volume was 4.8 cr shares or 3.55 times the size of the IPO. Delivery volume of 62.29 lakhs was 15.26 % of the traded volume and roughly 54.16 % of the shares offered in the IPO. The listing has been decent, but the HNI’s who gave this issue a thumbs up by subscribing over 100 times are still losing money if their subscription was with leveraged funds. If they have not sold as yet and booked losses, it appears that this share is likely to perform in the near term as the issue looks attractive fundamentally and was reasonably priced at the time of the issue.
Infinite Computer Limited listed on the BSE in a colourful ceremony today. The share which was issued at a price of Rs 165 listed at Rs 178.35 on the BSE and Rs 170 on the NSE respectively.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 178.35 | 204.90 | 178.35 | 201.20 | 36.20 | 21.94 | 7495427 | 195.28 |
| NSE | 170.00 | 204.95 | 170.00 | 201.05 | 36.05 | 21.85 | 10972191 | 103.27 |
| Total | 18467618 |
The stock made a high of Rs 204.90 on the BSE and Rs 204.95 on the NSE respectively. After a positive listing the stock made the highs and then spent a considerable amount of time at the 188-191 levels before moving up. Against an issue size of 1.15 cr shares the stock in the first 75 minuters of trade has already witnessed a volume of 1.84 cr shares or 1.6 times the IPO size.
The stock is performing well and in an issue where the HNI portion was oversubscribed 106 times should end the day strongly. More of this stock at the end of the day.
