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Goenka Diamond drops 11.83% on debut

Goenka Diamond drops 11.83% on debut
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First Published: Fri, Apr 16 2010. 10 20 PM IST
Updated: Fri, Apr 16 2010. 10 20 PM IST
Mumbai: Shares of Goenka Diamond and Jewels Ltd closed 11.83% below their initial public offer (IPO) price of Rs145 on the day of listing on the Bombay Stock Exchange.
The stock closed at Rs127.85 after opening at Rs130 and reaching a high and low of Rs141.35 and Rs92.35, respectively, in intra-day trading on Friday.
On the National Stock Exchange, Goenka Diamond shares closed at Rs123.10 after opening at Rs124 and hitting a high of Rs141 during the day.
Goenka Diamond’s IPO had been subscribed 1.07 times.
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First Published: Fri, Apr 16 2010. 10 20 PM IST