Tarapur Transformers closes at a discount of 24 percent - Indian IPO Blog

Tuesday, May 18, 2010

Tarapur Transformers closes at a discount of 24 percent

Tarapur Transformers Limited, which listed on the exchanges today, closed at a discount of 24.13% on the BSE, i.e. at Rs.56.90 per equity share as against an Issue Price of Rs.75/- per equity share. Earlier, the share had listed on its Issue Price of Rs.75/- and touched an Intra-day High of Rs.97.50 and an Intra-day Low of Rs.54.10 on the BSE

On the NSE, the share listed at Rs.75/-, touched an Intra-day high of Rs.97.45, and an Intra-day low of Rs.54.30 and finally closed at Rs.55.20 on the listing day

Tarapur Transformers IPO, which closed for subscription today, on Wednesday, April 28, 2010, was subscribed 1.74 times on an overall basis. Retail Category had received bids for 8146620 Equity Shares as against 2975000 Equity Shares reserved for the Category, thus making the category oversubscribed by 2.74 times. [Click here to check out Tarapur Transformers IPO Subscription Status (Final)]

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