Mumbai: Kiri Dyes and Chemicals got listed at Rs151 on the Bombay Stock Exchange on 22 April with a marginal premium over its issue price of Rs 150.
The scrip of the company picked up from its opening level within minutes of listing and touched a high of Rs204 and as many as 12.91 lakh shares exchanged hands on the BSE.
On the National Stock Exchange, the scrip got listed with a premium of 22.66% over its issue price at Rs184, touched a high of Rs 228.70 and over 13.74 lakh shares got traded.
The Ahmedabad-based company, through its pre-IPO placement, had raised over Rs14.44 crore from China-based chemical firm Well Prospering Ltd and others. It plans to utilise the issue proceeds to set up a plant in Vadodara, for capacity expansion and funding its working capital requirements.