Shree Pushkar Chemicals makes a poor debut with 7% listing discount
Source: IRIS | 10 Sep, 2015, 12.00PM
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Rating: NAN / 5 stars. |
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Shree Pushkar Chemicals & Fertilisers, made a poor debut on the stock markets on Thursday by listing at a discount of 7.62% to its issue price. At the NSE, stock opened at Rs 60.05 a share as against issue price of Rs 65 a share. Currently, shares are trading at Rs 63.05, down 3% from its issue price. The scrip recorded a high of 63.05 and a low of Rs 60.05 at the NSE (11.51 am). A total of 8,52,435 shares exchanged hands at the NSE. That translated into turnover of Rs 519.73. Shree Pushkar Chemicals & Fertilisers has commenced its business operations in the year 1993 with a trading business and has emerged to become one of the few manufacturers with widest range of dye intermediates in India with zero waste. The company has state of art integrated manufacturing facilities located at Lote Parshuram, Maharashtra.
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