Insecticides India Limited trades at discount to IPO price

The equity shares of Insecticides (India) Limited listed in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today. The company issued shares at Rs.115 in the recently concluded Initial Public Offering (IPO).

In NSE, the stock opened the day at Rs.110, down by Rs.5 or 4.34% compared to its issue price of Rs.115. The stock hit an intraday high of Rs.117 and low of Rs.101. The stock was last trading at Rs.112.65, down by Rs.2.35 or 2.04%. The total traded quantity was 3569966 shares at an average price of Rs.111.22 resulting in a turnover of Rs.3970.52 Lakhs.

In BSE, the stock opened at Rs.105, down by Rs.10 or 8.69% in comparison to its issue price. The stock was last trading at Rs.112.80, down by Rs.2.20 or 1.91%. The stock hit an intraday high of Rs.117 and low of Rs.101.15. The total traded quantity was 3296456 at a weighted average price of Rs.111.35.

Source : Equity Bulls

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