VA Tech Wabag IPO : Settled at 30.49% premium on debut

by khalid on 14/10/2010 · 0 comments

VA Tech Wabag’s shares debuted at Rs 1662.40, a 26.8% premium to the initial public offering (IPO) price of Rs 1310. At the end if the day shares price was Rs 1709.40 which is a premium of 30.49% over the issue price of Rs 1310. The stock touched an intra-day high of Rs. 1806.60 and low of Rs. 1651.10 on the day 1. VA Tech Wabag Limited is Chennai based water treatment projects company. The company is a Group Company of Deutsche Babcock, Germany. VA Tech Wabag Limited is a Rs1000 cr turnover company undertakes turnkey projects in Bulk Solids Handling Systems including, raw material handling systems for power, steel, cement plants etc.

VA Tech Wabag Limited IPO had been oversubscribed 36.22 times at the end of the final day of subscription 27th September 2010. The IPO of VA Tech Wabag Limited had received an overwhelming response from the investors with the final over-subscription figure nearing to about 36.22 times on an overall basis. Retail Individual Investors category of investors had shown least support of 8.55 times only. A price band was at Rs 1230-1310 a share. The issue was opened for subscription during September 22-27 and was subscribed 36.22 times.

Listing day Summary :-
Listing Date: 13th Oct 2010
BSE Scrip Code : 533269
Listing In : ‘B’ Group of Securities
ISIN : INE956G01020
Issue Price Fixed : Rs. 1310.00 Per Equity Share
Face Value : Rs. 5.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 1310.00
Open : 1662.40
High : 1806.60
Low : 1651.10
Close : 1709.40
Last Trade : 1709.40

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