ADVERTISEMENT
ADVERTISEMENT

Bharat Dynamics makes tepid debut on BSE, NSE; stocks dip 16 per cent from issue price

Bharat Dynamics makes tepid debut on BSE, NSE; stocks dip 16 per cent from issue price
Highlights

The stock listed at Rs 360, a sharp fall of 15.88 per cent from the issue price, on BSE. On NSE, shares of the company tumbled 13.55 per cent to Rs 370 in opening trade.

The stock listed at Rs 360, a sharp fall of 15.88 per cent from the issue price, on BSE. On NSE, shares of the company tumbled 13.55 per cent to Rs 370 in opening trade.

Bharat Dynamics stocks made a tepid debut at the Indian stock exchanges, falling nearly 16 per cent from the issue price of Rs 428.

The stock listed at Rs 360, a sharp fall of 15.88 per cent from the issue price, on BSE. On NSE, shares of the company tumbled 13.55 per cent to Rs 370 in opening trade. The company's market valuation stood at Rs 7,184.63 crore.

Initial public offer of the firm was open during March 13-15 and was subscribed 1.30 times. Price band for the issue was fixed at Rs 413-428.

SBI Capital Markets, IDBI Capital Markets & Securities and YES Securities (India) managed the issue.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
More Stories


Top