Midvalley Entertainment Limited IPO : Settled at 17.07% discount on debut

by khalid on 27/01/2011 · 0 comments

Midvalley Entertainment Limited shares got debuted at Rs 73.00, a just 4.31% premium over its initial public offering (IPO) price of Rs 70.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 58.05 which is a discount of 17.07% over the issue price of Rs 70.00. The stock hit a high of Rs. 76.50, a premium of 9.32% over an issue price of Rs 70 and low of Rs. 55.00 on the listing day 27th Jan 2011. A total of 33,871,373 shares changed hands on the BSE. Midvalley Entertainment is a multinational Media & Entertainment company operating from Chennai. Midvalley’s major businesses are Exhibition and Concept Theatres, Film Production, Distribution, Hospitality and Cine Advertising, etc.

Listing day Summary :-
Listing Date: 27th January 2011
BSE Scrip Code : 533310
Listing In : ‘B’ Group of Securities
ISIN : INE422B01016
Issue Price : Rs. 70.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 70.00
Open : 73.10
High : 76.50
Low : 55.00
Close : 58.05
Last Trade : 58.05

Midvalley Entertainment Limited has raised Rs 60.00 crore through an initial public offering of 8,571,429 equity shares.

Stay tuned to BelltheBull Blog for more news on Midvalley Entertainment Limited IPO !

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