Ramky Infra IPO : Settled at 13.78% discount on debut

by khalid on 08/10/2010 · 0 comments

Ramky Infrastructure Limited is a Hyderabad-based diversified infrastructure and waste management solutions provider. Ramky Infrastructure Limited’s shares were able to got a buying interest and debuted at Rs 471.55, a 4.79% premium over its initial public offering (IPO) price of Rs 450. At the end of the day, shares price was Rs 387.35 which is a discount of 13.78% over the issue price of Rs 450. The stock hit a high of Rs. 471.550 and low of Rs. 351.20 on the day 1.

Ramky Infrastructure Limited IPO had been oversubscribed just 2.89 times at the end of the final day of subscription 23 September 2010. The IPO of Ramky Infrastructure Limited had received a so so response from the investors with the final over-subscription figure nearing to about 2.89 times on an overall basis. Retail Investors categories of investors had shown least support of 0.99 times only.

Listing day Summary :-
Listing Date: 8th Oct 2010
BSE Scrip Code : 533262
NSE Symbol : RAMKY
Listing In : ‘B’ Group of Securities
ISIN : INE874I01013
Issue Price : Rs. 450.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 450.00
Open : 471.55
High : 471.55
Low : 351.20
Close : 387.35
Last Trade : 387.35

The proceeds of this IPO will be used for investment in capital equipments, meet the working capital requirements, repayment of loans; and general corporate purposes.

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