Asahi Songwon Colors Ltd lists at Rs.93, trades at premium to issue price

The equity shares of Asahi Songwon Colors Ltd (Scrip Code: 532853) are listed and admitted to dealings on the Bombay Stock Exchange (BSE) from today (Monday - June 4, 2007) in the list of 'B1' Group Securities.

The company issued shares at Rs.90 Per share (Face Value of Rs.10/- and Premium of Rs.80/-) in the recently concluded Initial Public Offering (IPO).

In BSE, the stock opened at Rs.93, up by Rs.3 or 3.33% over the issue price of Rs.90. The share was trading last at Rs.101.50, up by Rs.11.50 or 12.77%. The stock hit an intraday high of Rs.134.70 and low of Rs.92. The total traded quantity was 2662131 at a weighted average price of Rs.108.11.

Source : Equity Bulls

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