Profit

ICICI Securities Shares Make Poor Debut On Dalal Street

ICICI Securities raised a lower than expected Rs 3,514 at its initial public offering last week.

 Share
EMAIL
PRINT
COMMENTS
ICICI Securities Shares Make Poor Debut On Dalal Street

Shares in ICICI Securities Ltd fell as much as 16.3% on their market debut.

Mumbai: Shares in ICICI Securities Ltd fell as much as 16.3 per cent on their market debut on Wednesday after the company raised a lower than expected Rs 3,514 ($541.26 million) at its initial public offering last week.

Shares were trading down 12.5 per cent at Rs 455 as of 0433 GMT after earlier dropping to a low of Rs 435.

Shares in state-run Mishra Dhatu Nigam Ltd were trading at Rs 89, down 1.11 per cent on their market debut, versus an issue price of Rs 90.

The company, which makes special steels and alloys for sectors such as defence, power and space, had raised Rs 433 for the government at its initial public offering.

($1 = 64.9225 Indian rupees)
© Thomson Reuters 2018


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top