Thursday, October 15, 2009

IPO Updates: Poor show by Euro Multivision Limited, closed at Rs. 51.85 at 30% discount

Euro Multivision Limited IPO listed today on NSE BSE with much below issue price of Rs. 75. It closed at 30.87% huge discount which is Rs 51.85 on the NSE.

The company raised Rs 66 crore via this issue. Promoters' shareholding has been reduced to 51.12% from 81.11% post the issue. The initial public offering (IPO) was of 88 lakh equity shares and was subscribed 1.81 times.

Intra-day high and low for this issue are Rs 80.70 & Rs 51.65 respectively. The total traded quantity was 2,15,16,253 shares and turnover was at Rs 13501.45 lakh.

On the BSE, the share closed at 51.85, at a hefty discount of 30.87%. The share had listed at 70. It touched an intraday high of Rs 80.90 and intraday low of Rs 51.60.
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