Gravita India lists at record high at 75 percent premium on BSE
Though the sensex ended in the red, Gravita India made a highly remarkable and spectacular listing on the BSE and NSE today The company , metal producer which issued shares at 125 in its Initial Public Offering (IPO) opened 75 percent higher than the issue price on the Bombay Stock Exchange.
The scrip of Gravita India opened . at 218.75 on the BSE which was a mind boggling premium of 75 percent over its issue price and went to 255, almost 102 percent higher within minutes of the opening trade.
A similar trend was noticed at National Stock Exchange (NSE) where it opened at 201.10, which was a premium of over 60.88 percent over the issue price. The IPO had attracted over subscription of 41.28 times.