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Fortis closes 9% down in debut trade on BSE

Fortis closes 9% down in debut trade on BSE
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First Published: Wed, May 09 2007. 05 51 PM IST
Updated: Wed, May 09 2007. 05 51 PM IST
PTI
Mumbai: Ranbaxy promoter group company Fortis Healthcare on 9 may dipped 9.35% in its debut trade on the Bombay Stock Exchange and settled at Rs100.
The company’s shares witnessed a high of Rs109.10 and a low of Rs97.90, while more than 1.37 crore shares exchanged hands on the BSE.
On the National Stock Exchange, Fortis Healthcare touched a high of Rs110 and a low of Rs98.05. Over 2.29 crore shares got traded during the day.
The scrip was listed at Rs 105, nearly 3% below its issue price of Rs108, on BSE. The shares were listed with marginal premium at Rs110 over its issue price on NSE, but later pared some gains and ended the day at Rs100.
The firm entered the bourses with 22.66 crore equity shares of Rs10 each at an issue price of Rs108 each.
Its IPO Healthcare was subscribed 2.78 times with bids for over 12.74 crore shares against about 4.57 crore shares offered in the public issue.
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First Published: Wed, May 09 2007. 05 51 PM IST
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