Raj TV lists at premium on BSE, Page Industries at discount

Raj TV lists at premium on BSE, Page Industries at discount
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First Published: Fri, Mar 16 2007. 05 16 PM IST
Updated: Fri, Mar 16 2007. 05 16 PM IST
PTI
Mumbai: Raj Television Network, a regional broadcaster and media company, listed on 16 March at Rs275, a 7% premium over its issue price while Page Industries, exclusive licensee of Jockey International Inc (US) for India, made its debut with a 5% discount at Rs341.90 on the Bombay Stock Exchange (BSE).
Raj Television entered the bourses with around 12.9 million shares having a face value of Rs10 each.
Around 140,000 shares changed hands as the scrip hit lows of Rs210 and was last trading at Rs227.90, according to BSE data.
On the NSE, Raj TV opened at Rs225 per share, with a 12.45% discount over its issue price as heavy selling activity accounted for the 340,000 shares that were traded within minutes of listing.
The scrip was last trading at Rs220.50, down Rs36 or 14%.
Meanwhile Page Industries entered the bourses with over 11 million shares.
After a weak opening on the BSE, the scrip hit further lows of Rs277 a share but recovered a bit as it was last trading at Rs309.75 as 119,000 shares changed hands.
Page Industries made its debut at Rs329 with an 8.62% discount on the NSE as 430,000 shares changed hands. Its shares were last trading at Rs304, down Rs 56, or 15.56% over its issue price of Rs360 per share.
In its public offer, Raj Television mopped over Rs278 crore with an offering of 3.57 million equity shares. The offer was subscribed over 3 times.
Page Industries came out with an initial public offering of 2.8 million equity shares of Rs 10 each and was subscribed 1.4 times.
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First Published: Fri, Mar 16 2007. 05 16 PM IST
More Topics: Money Matters | Equities |