Nelcast Ltd lists at Rs.252, drifts below offer price

The equity shares of Nelcast Ltd listed in Bombay Stock Exchange and National Stock Exchange today. In NSE, the stock opened the day at Rs.252, up by Rs.33 or 15.06% compared to its offer price of Rs.219. The stock hit an intraday high of Rs.274 and low of Rs.211. The stock was last trading at Rs.215.20, down by Rs.3.80 or 1.74%.

The company issued shares in the recently concluded IPO at a price of Rs.219 (Face Value: Rs.10 per share and premium of Rs.119 per share).

In BSE, the stock opened the day at Rs.252.05, up by Rs.33.05 or 15.09% compared to the offer price of Rs.219. The stock hit an intraday high of Rs.284.70 and low of Rs.211. The total traded quantity was 2850891 shares at a weighted average price of Rs.219.99. The stock was last trading at Rs.216, down by Rs.3 or 1.36%.

Source : Equity Bulls

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