The shares of Fineotex Chemical Limited listed on the exchanges today with a bang. Although the share opened at Rs.80/- on the BSE as against an Issue Price of Rs.70/- per share, the price rocketed to levels more than Rs.130 and reached a high of Rs.157.90 during the day, i.e. a stunning premium of 125.5% over the Issue Price. Fineotex Chemical finally closed the listing day at Rs.140.90 a share, at a huge premium of 101.29% over the Issue Price

Fineotex Chemical is in the business of manufacturing specialty chemicals and enzymes consumed by the textile and garment industry, leather, water treatment, construction, paper, paint, adhesives, agrochemical and other industries

Fineotex Chemical saw huge buying interest in the second half of the listing day trade. The hefty premium over the issue price becomes interesting to note particularly in view of the fact that the IPO had received a pretty mediocre response from the investors with subscription figure standing just at 1.57 times on an overall basis

Sudar Garments IPO, which interestingly opened below at Rs.74/- on the BSE below its issue price of Rs.77/- per share, went on to touch Rs.117.70 as the Intra-day High on the BSE and finally closed the listing day at a handsome premium of 47% over its Issue Price

The share touched an Intra-day low of Rs.74/- on the BSE, which was the opening price as well. The Total Traded Quantity of the shares on the listing day was 342.73 Lakhs with Total Traded Value at Rs.347.23 Crs. on the Listing Day on the BSE

Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.