Power Finance Corporation Ltd (PFC) lists at Rs.113 in NSE, 33% above issue price

The equity shares of Power Finance Corporation Ltd (PFC) which came up with an IPO through 100% book building process recently at Rs.85 got listed in NSE and BSE today.

The shares opened at Rs.113 in NSE and went on to hit a high of Rs.119.40. At 10:48 AM, the shares were trading at Rs.106.15 with day's low of Rs.105.55. The shares at Rs.106.15 was up by 24.88% against the offer price.

The total traded quantity in NSE was 37274707 equity shares with a turnover of Rs.41169.91 Lakhs.

In BSE, the shares opened the day at Rs.104 and hit a high of Rs.117 and low of Rs.103.50. The shares were trading at Rs.106.05, up by 24.76% against the offer price. The total traded quantity in BSE was 13823496 equity shares with a weighted average price of Rs.109.58.

Source : Equity Bulls

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