Microsec Financial Services IPO : Plunges 6% on listing day

by khalid on 06/10/2010 · 0 comments

Microsec Financial Services Ltd. provides various financial products and services to their target client base of retail investors, high net worth individuals, companies and institutions. The company is a well-recognized brand in eastern India with adequate base of research delivery capabilities. Microsec Financial Services Ltd’s shares got listed on 5th Sep 2010 with a nice listing of Rs 132 as against the isue price of Rs 118. But shares of Microsec Financial Services closed in the red after listing 10% higher on its stock market debut today as the main indices lost some ground today. Traded volume on the counter stood at 26020037 shares.

Microsec Financial Services public issue of 12,500,000 equity shares was opened for subscription during 17th September to 21st September 2010. The issue was oversubscribed 12.20 times. The price band of the IPO was Rs 113 to Rs 118 per share.

Listing day summary :-

ISIN: INE553K01019
IPO Listing Date: 5th Sep 2010
BSE Script Code: 533259
NSE Symbol: MICROSECL
Issue Price: Rs 118 per equity share
Face Value: Rs 10.00 Per Equity Share

On the BSE:-
Open : 118.00
High : 141.00
Low : 108.30
Close : 110.90

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