Decolight Ceramics lists at premium, closes below offer price

The equity shares of Decolight Ceramics Limited listed in National Stock Exchange and Bombay Stock Exchange today - Tuesday - June 19, 2007. The company issued shares in the recently concluded IPO at Rs.54.

In NSE, the stock opened at Rs.70 against the offer price of Rs.54 which was a premium of Rs.16 or 29.62%. The stock then traded above the issue price for most of the day before drifting lower. The stock hit an intraday high of Rs.70 and low of Rs.43.50.

In NSE, the stock closed the day at Rs.44.65, down by Rs.9.35 or 17.31% over the issue price of Rs.54.

The total traded quantity was 15436182 equity shares at an average price of Rs.52.60 resulting in a turnover of Rs.8133.32 Lakhs. The Deliverable Quantity in NSE was 2870283 equity shares or 18.59% of Deliverable Quantity to Traded Quantity.

Source : Equity Bulls

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