ECE Industries Ltd lists on NSE with 18.67% gain over Issue Price
Mumbai: ECE Industries Ltd made its first appearance on the National Stock Exchange (NSE) at a premium of 18.67% against the offer price of Rs 589 at Rs 699.
The company has already been enrolled on the Bombay Stock Exchange (BSE) earlier, and ended at Rs 632.25 on Monday.
During the day, the stock touched an intraday high of Rs 728.95, an intraday low of Rs 602 and finally closed at Rs 637.85 on the NSE.
The total number of shares traded on the NSE was 8682 shares.
Another company that entered the NSE was GMR Industries Ltd, the manufacturing division of the GMR Group. It got listed at a premium of 20% as against its issue price of Rs 172 at Rs 206.40.
The stock has had a high of Rs 206.40 and a low of Rs 199.30 during the day, and finally closed at Rs 206.
Nearly, 32146 shares were traded on the NSE.