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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
07 July, 2025 16:24 IST
Sharda Cropchem lists at 66% premium
Source: IRIS | 23 Sep, 2014, 12.12PM
Rating: NAN / 5 stars.
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Shares of Sharda Cropchem have listed on the bourses on Tuesday at huge premium after receiving overwhelming response to the initial public offering (IPO). It opened at Rs 260 a share i.e. 66.67% higher than issue price. Currently the shares are trading at Rs 231.80, up 48.59% from issue price of Rs 156. It recorded a high of 274 and a low of 240.55 at the NSE.

The IPO of the company has been subscribed by 60 times. The QIB portion has been subscribed by 32.06 times and non-institutional by 251.35 times. The issue saw
retail participation at 5.74 times.

Sharda Cropchem is a crop protection chemical company engaged in the marketing and distribution formulations and generic active ingredients globally.

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