Sudar Garments IPO : Settled at 46.88% premium on debut

by khalid on 11/03/2011 · 0 comments

Sudar Garments Limited’s shares got debuted at Rs 80.05, a just 5.02% premium over its initial public offering (IPO) price of Rs 77.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 113.10 which is a premium of 46.88% over the issue price of Rs 77.00. The stock hit a high of Rs. 117.35 and low of Rs. 80.05 on the listing day. A total of 40,407,612 shares changed hands on the NSE. Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids. The company is presently manufacture under its own brand name “Glory to Glory” and will be launching shortly two more brands namely ‘St. Paul’ and ‘Majesty’.

Listing day Summary :-
Listing Date: 11th Mar 2010
BSE Scrip Code : 533332
NSE Symbol : SUDAR
Listing In : ‘B’ Group of Securities
ISIN : INE384L01017
Issue Price : Rs. 77.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 77.00
Open : 80.05
High : 117.35
Low : 80.05
Close : 113.10
Last Trade : 113.10

Sudar Garments Limited has raised Rs 69.98 crore through an initial public offering of 9,088,000 equity shares.

Stay tuned to BelltheBull Blog for more news on Sudar Garments IPO !

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