Bhagwati Banquets and Hotels Limited lists at Rs.45, 12.5% premium to issue price

The equity shares of Bhagwati Banquets and Hotels Limited listed in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today. The company issued shares at Rs.40 in the recently concluded Initial Public Offering (IPO).

In NSE, the stock opened at Rs.45, 12.5% higher than the issue price of Rs.40. The stock was last trading at Rs.50, up by Rs.10 or 25%. The stock hit an intraday high of Rs.51 and intraday low of Rs.45. The total traded quantity was 18492886 shares at an average price of Rs.47.93 resulting in a turnover of Rs.8863.64 Lakhs.

In BSE, the stock opened at Rs.46.35, 15.875% higher than the issue price of Rs.40. The stock was last trading at Rs.49.95, up by Rs.9.95 or 24.875%. The stock hit an intraday high of Rs.50.85 and low of Rs.45.35. The total traded quantity was 23732761 shares at a weighted average price of Rs.47.91.

Source : Equity Bulls

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