Mishra Dhatu Nigam debuts at flat note on BSE
04/04/2018
Shares of Mishra Dhatu Nigam (MDNL) made a flat debut at the local bourses on Wednesday by listing at Rs 87, a 3.3 per cent lower against its issue price of Rs 90 per share on the Bombay Stock Exchange (BSE). The state-owned firm, whose initial public offer (IPO) was subscribed 1.21 times, listed at Rs 90 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 90.90 and Rs 86.35 respectively on the BSE. The Rs 438 crore IPO received bids for 3,10,74,150 shares against the total issue size of 4,87,08,400 shares, data available with the NSE showed. The price band for the issue has been fixed at Rs 87-90. SBI Capital Markets and IDBI Capital Markets & Securities are managing the issue. The shares of MIDH are proposed to be listed on BSE and NSE. MIDH is one of the leading manufacturers of special steels, super alloys and the only manufacturer of titanium alloys in India. Meanwhile, the broader benchmark BSE Sensex was trading at 33,414.37, up 43.74 points, or 0.13 per cent, at 12:10 hours.
04/04/2018
Click Below
Shares of Mishra Dhatu Nigam (MDNL) made a flat debut at the local bourses on Wednesday by listing at Rs 87, a 3.3 per cent lower against its issue price of Rs 90 per share on the Bombay Stock Exchange (BSE). The state-owned firm, whose initial public offer (IPO) was subscribed 1.21 times, listed at Rs 90 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 90.90 and Rs 86.35 respectively on the BSE. The Rs 438 crore IPO received bids for 3,10,74,150 shares against the total issue size of 4,87,08,400 shares, data available with the NSE showed. The price band for the issue has been fixed at Rs 87-90. SBI Capital Markets and IDBI Capital Markets & Securities are managing the issue. The shares of MIDH are proposed to be listed on BSE and NSE. MIDH is one of the leading manufacturers of special steels, super alloys and the only manufacturer of titanium alloys in India. Meanwhile, the broader benchmark BSE Sensex was trading at 33,414.37, up 43.74 points, or 0.13 per cent, at 12:10 hours.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
