Shree Ganesh Jewellery crashes after listing below Issue Price - Indian IPO Blog

Friday, April 9, 2010

Shree Ganesh Jewellery crashes after listing below Issue Price

Shree Ganesh Jewellery House Ltd., which listed on the Exchanges today, opened at Rs.250/- on NSE at a Discount of Rs.10/-, the Issue Price being Rs.260/- per equity share. The price however, went down quite rapidly and the share is now trading at about Rs.168.75 on BSE at 14:18 hrs IST, down nearly 35% from its Issue Price

The IPO of Shree Ganesh Jewellery House Ltd. was subscribed 1.96 times on an overall basis, mainly on support of HNI Category. Click here for Shree Ganesh Jewellery IPO Subscription Status

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