Mumbai: On its debut, shares of Brooks Laboratories Ltd on Monday ended at Rs 60.20, down 39.8% from its issue price of Rs100 on the Bombay Stock Exchange. It got listed at Rs110 and rose a high of Rs131.10 but could not sustain the price and closed at Rs60.20 before hitting the day’s low of Rs 57.75.
In past fortnight, three initial public offers of IPOs got listed and only one of them is trading at a premium. The three IPOs are Inventure Growth and Securities Ltd, L&T Finance Holdings Ltd and Tree House Education and Accessories Ltd.
Inventure Growth and Securities closed at a17.56% premium over its issue price on Monday while L&T Finance Holdings and Tree House Education and Accessories closed at a 0.87% and 11.7% discount, respectively.