Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!

Thursday, August 4, 2011

The Equity Shares of Inventure Growth and Securities Limited, which were priced at Rs.117/- per share in the recently concluded IPO of the company, witnessed crazy movements in its prices on the listing day.

The share opened above its Issue Price at Rs.119.00 on the BSE and continued to hover in the Rs.100 to Rs.130 range till about initial 4 hours of the trade, before getting volatile. The stock touched Rs.91.55 as an Intra-day low and then continued upward spike to reach Rs.225 as Intra-day high level, before closing at Rs.207.95 on the BSE

For a company that has an After-tax profit of Rs.5.5 crore in FY 2011, such kind of market price is interesting to note. Given the wild spike in the share at the close of the day and the volatilty of recent IPOs upon listing, it would be interesting to see whether these levels of price will be maintained for long or not


Post a Comment

Indian IPO Blog Feed Subscribers

Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers