Globus Spirits IPO : Listing day closed 10% low

by khalid on 24/09/2009 · 0 comments

global spirits

Globus Spirits ended its first trading session today 23rd Sep 09 at a huge discount of 10% to its issue price of Rs 100. The share closed at Rs 90. It touched an intraday high of Rs 111.70 and intraday low of Rs 89.50. The total traded quantity was 1,31,38,432 shares and turnover was at Rs 13180.47 lakh.

The issue was oversubscribed 1.5 times and the share had listed today at Rs 101 on the NSE, at a marginal premium of 1% to its issue price of Rs 100 a share. On the BSE, the share opened at a huge premium of 10% to its issue price.

Globus Spirits is engaged in the business of manufacture, sales and marketing of Indian Made Foreign Liquor (IMFL), Industrial Alcohol comprising of rectified spirit and Extra Neutral Alcohol and Country Liquor.

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