Brooks Labs down 40% on debut

Brooks Labs down 40% on debut

Mumbai: On its debut, shares of Brooks Laboratories Ltd on Monday ended at 60.20, down 39.8% from its issue price of 00 on the Bombay Stock Exchange. It got listed at 10 and rose a high of 31.10 but could not sustain the price and closed at 0.20 before hitting the day’s low of 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.

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