Gujarat Pipavav Port IPO : Listing with 22% Premium on Debut

by khalid on 10/09/2010 · 1 comment

Shares of Gujarat Pipapav Port Ltd (GPPL) got good buying interest and listed with a premium of 22% on the day 1. It listed on the National Stock Exchange at Rs. 56.10, a premium of more than 22 per cent. In early trade, the stock jumped to a high of Rs. 58 per share against the issue price of Rs. 46 per share. As many as 3.3-lakh shares exchanged hands on the bourses in early trade.

Gujarat Pipapav Port Ltd (GPPL) IPO had been over subscribed 19.94 times at the end of the final day. The IPO of Gujarat Pipapav Port Ltd has received a good response from the investors with the final over-subscription figure nearing to about 19.29 times on an overall basis. Retail Investors categories of investors have shown least support.

Listing day Summary :-
IPO Listing Date: 9th Sep 2010
ISIN: INE517F01014
BSE Script Code: 533248
NSE Symbol: GPPL
Listing in: ‘B’ Group of Securities
Issue Price: Rs.46.00 per equity share

On the NSE:-
Open : 56.10
High : 58.05
Low : 54.25
Close : 57.35

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Mohammed September 10, 2010

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