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Divgi

about 4 years ago

Not Compelling Enough
Subscription Start Date :1 Mar 2023 End Date :3 Mar 2023
Issue Size : 412 cr, Issue Type : Fresh cum OFS
Price Band : Rs.560 to Rs. 590
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Overall Subscription : 5.44x
QIB : 7.83x,HNI :1.4x,Retail :4.31x
Listing Date : 14 Mar 2023, , Listing Price : 600

Divgi fizzles after listing

about 4 years ago

The stock got listed on the BSE today at Rs.600 v/s IPO price of Rs.590. It even rose further to Rs.615 but soon fell below the IPO price to Rs.557 and continues to trade in the red.