C Mahendra Exports IPO – No Gains for Investors on Debut
C Mahendra Exports settled at Rs 110.85 on BSE, a 0.77% premium over the initial public offer (IPO) price of Rs 110. The stock debuted at Rs 111, a 0.9% premium over its IPO price. Shares of the diamond jewellery manufacturer hit a high of Rs 120.90 and a low of Rs 110. On BSE, 1.98 crore shares were traded on the counter.
C Mahendra Exports had priced its initial public offer (IPO) at Rs 110 per share, the top end of the Rs 95-110 per share price band. The IPO was subscribed 2.78 times and garnered bids for 4.17 crore shares, compared with 1.5 crore shares on offer.
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