Today, Bikaji Foods International stock rose 7 percent and Global Health over 19 percent in early trade on the day of listing.
Investors are earning on the new list
Stock markets are still under pressure today and domestic stock markets are trading with losses amid foreign market cues. But on the other hand, investors in newly listed companies have made money. Bikaji Foods and Global Health are listed today. Both the stocks opened with good gains compared to the IPO issue price. At the same time, stocks rose in early trading. Find out how much the listing profit of both shares has been today
Shares of Bikaji Foods opened at 321 on BSE today. The stock’s issue price was pegged at Rs 285-300, meaning the stock listed at a 7 per cent premium over its issue price. The stock touched a high of 335 in the first hour of trading. That is, on a lot size of 50 shares, the investor made a profit of Rs 1750 on an application of Rs 15 thousand. The company’s issue opens on November 3 and closes on November 7. The issue received a bumper response from investors and the issue was subscribed 26.67 times.
Global Health, which runs Medanta Hospital, also listed on the market today. Compared to Bikaji, the profit here is slightly higher. The stock was listed at Rs 398 against the issue price of Rs 336. That is, the listing gain is more than 18 percent. The stock remained close to this level in the first hour of trading and touched a high of 409. In other words, investors’ money increased by 20 percent in the first hour of publication of the list. The special point is that the issue of Global Health was subscribed 10 times compared to Bikaji’s 26 times subscription, but the income was more than Global Health.