Oberoi Realty IPO : Settled at 9.76% premium on debut

by khalid on 21/10/2010 · 0 comments

Oberoi Realty’s shares debuted at Rs. 271.10, a 4.82% premium to the initial public offering (IPO) price of Rs 260. At the end of the day shares price was Rs 282.90 which is a premium of 9.76% over the issue price. The stock hit a high of Rs. 299.00 and low of Rs. 271.10 on the day 1. Mumbai based real estate developer Oberoi Realty is a construction company focused on premium developments in Mumbai.

Oberoi Realty IPO had been oversubscribed 12.13 times at the end of the final day of subscription 8th October 2010. The IPO of Oberoi Realty Limited had received a good response from the investors with the final over-subscription figure nearing to about 12.13 times on an overall basis. Retail Individual Investors category of investors had shown least support of 0.94 times only.

Listing day Summary :-
Listing Date: 20th Oct 2010
BSE Scrip Code : 533273
Listing In : ‘B’ Group of Securities
ISIN : INE093I01010
Issue Price : Rs. 260.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 260.00
Open : 271.10
High : 299.00
Low : 271.10
Close : 282.90
Volume : 41,372,574

The proceeds of this IPO will be used for construction of ongoing projects, Acquisition of land or land development rightsand General corporate purposes.

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