Sea TV Network makes smart opening debut at BSE @20 % higher
Sea TV Network, cable service provider to various Cable TV Operators in Agra entered the Capital Market to raise 50.2 crores for its expansion plans, including setting up of digital head end and network for implementation of Conditional Access System (CAS). The Company entered the Market with its Initial Public Offering in the price range of Rs 90 to Rs 100. On the listing of the shares in BSE today, it made an opening debut of 20 percent higher to its issue price. During the day it went up to 126.15 per share or 26.15 to its issue price. In the first half an hour of trading over 1.04 crore shares were traded. The Initial Public Offering (IPO) of the company was priced in the range of Rs 90-100 a share. It has raised about Rs 50.2 crore.
Ashoka Buildcon Opens at 9% premium on BSE
Ashoka Buildcon, a company engaged in building and operating roads and bridges on a BoT basis, which through its Initial Public Offer issued shares at Rs 324 per share rose 9% higher on its opening debut in the Bombay Stock Exchange. In later trade, it extended its gain further to Rs 352.15. Almost 65 lakh shares were traded. The issue was oversubscribed by 15.75 times.
The company whoseInitial Public Offering was at Rs 102, listed 8.52% higher over its issue price, at Rs 110.70 The shares closed at Rs 180.80, which was a huge premium77.25% over its issue price of Rs 102 a share