Gyscoal Alloys IPO : Settled at 14.43% premium on debut

by khalid on 27/10/2010 · 0 comments

Gyscoal Alloys Limited’s shares got debuted at Rs 98.75, a mere 39.17% premium over its initial public offering (IPO) price of Rs 71.00. At the end of the day, shares price was Rs 81.55 which is a premium of 14.43% over the issue price of Rs 71.00. The stock hit a high of Rs. 112.50 and low of Rs. 76.60 on the day 1. Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and manufacturer of stainless steel products.

Listing day Summary :-
Listing Date: 27th Oct 2010
BSE Scrip Code : 533275
NSE Symbol : GAL
Listing In : ‘B’ Group of Securities
ISIN : INE482J01013
Issue Price : Rs. 71.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 71.00
Open : 98.75
High : 112.50
Low : 76.60
Close : 81.55
Last Trade : 81.55

Gyscoal Alloys has raised Rs 54.67 crore through an initial public offering of 7,700,000 equity shares.

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