Transwarranty Finance Limited lists at 15% premium, drifts below offer price

The equity shares of Transwarranty Finance Limited was listed in NSE and BSE today. The company issued shares in the recently concluded IPO through 100% book building process at Rs.52.

The shares opened the day at Rs.60 (up 15.38%), a gain of Rs.8 over its issue price of Rs.52 in BSE. At 12:17 PM, the stock was trading at Rs.49.90, down Rs.2.10 (-4%) below its issue price.

3669205 shares were traded at a weighted average price of Rs.53.34 till 12:17 PM.

In BSE, the stock had an intraday high of Rs.63 and low of Rs.48.55.

In NSE, the shares opened the day at Rs.56 and went to hit an intraday high of Rs.60.90 and low of Rs.48.50. It was trading at Rs.49.85, down 4.13% (down Rs.2.15) over its issue price of Rs.52.

The total traded quantity in NSE was 3049654 with a turnover of Rs.1636.14 Lakhs.

Source : Equity Bulls

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