21 May, EOD - Indian

SENSEX 73953.31 (-0.07)

Nifty 50 22529.05 (0.12)

Nifty Bank 48048.2 (-0.31)

Nifty IT 33379.75 (-0.18)

Nifty Midcap 100 52068.3 (0.38)

Nifty Next 50 68241.75 (0.86)

Nifty Pharma 19205.2 (0.51)

Nifty Smallcap 100 16939.85 (-0.41)

21 May, EOD - Global

NIKKEI 225 38685.8 (-0.67)

HANG SENG 19220.62 (-2.12)

DOW JONES 39872.99 (0.17)

S&P 5321.41 (0.25)

Login/Signup

Hot Pursuit News

You are Here : Home > Markets > News > Hot Pursuit News

(04 Mar 2024, 12:40)

NSE SME Owais Metal red hot on listing day, shares sizzles 200% up!

Shares of Owais Metal and Mineral Processing were quoting at Rs 262.50 on the NSE, a premium of 201.72% compared with the issue price of Rs 87.

The scrip was listed at Rs 250, a premium of 187.36% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 262.50 and a low of Rs 241. About 25.08 lakh shares of the company changed hands at the counter.

Owais Metal and Mineral Processing's IPO was subscribed 149.22 times. The issue opened for bidding on 26 February 2024 and it closed on 28 February 2024. The price band of the IPO was set between Rs 83 to Rs 87 per share.

The IPO comprised fresh issue of 49,07,200 shares. The company intends to utilise the net proceeds to purchase of equipment to facilitate manufacturing meet working capital requirements and general corporate purposes.

Ahead of the IPO, Owais Metal an...

More News
More Company News