Shree Ganesh Jewellery IPO : Plunges 37% on listing day

by khalid on 09/04/2010 · 0 comments

Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewelery in India. Shree Ganesh Jewellery House Limited’s shares got listed on 9th Apr 2010 with a huge sell of and plunged 37.12% on the debut itself. Shares opened at Rs 258.85 on the BSE and touched a low of Rs Rs 160.65. The stock ended at Rs 163.25. Its issue price was Rs 260.

Shree Ganesh Jewellery House public issue of 14269831 equity shares was opened for subscription during 19th March to 23rd Mar 2010. The issue was oversubscribed 1.96 times. The price band of the IPO was Rs 160 to Rs 170 per share.

Listing day summary :-

ISIN: INE553K01019
IPO Listing Date: 19th Mar to 23rd Mar 2010
BSE Script Code: 533180
NSE Symbol: SGJHL
Issue Price: Rs 260 per equity share
Face Value: Rs 10.00 Per Equity Share

On the BSE:-

Open : 250.00
High : 258.85
Low : 160.65
Close : 163.25

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