L&T Finance Holdings has got listed today and opened at a discount of 2% at Rs51 on the BSE, against its issue price of Rs52. The stock hit a high of Rs52 and low of Rs49.50 on the BSE. On the NSE, the stock opened at Rs53.85 and hits the day’s high of Rs53.85 and low of Rs49.30
The Issue opened for subscription on July 27, 2011 and closed on July 29, 2011.
The Issue subscribed more than 5 times reserved portion of retail investors was subscribed 9.61 times while non-institutional investors' portion got subscribed 6.18 times and qualified institutional buyers 1.93 times.
At 9.26 am, L&T Finance Holdings was trading at Rs49.85 on BSE, at a discount of 4.04%, against the initial public offer price of Rs52.
No comments:
Post a Comment