Latest News | Bikaji Foods Shares Debut at Nearly 8 Pc Premium
Get latest articles and stories on Latest News at LatestLY. Shares of Bikaji Foods International Ltd made its market debut at a premium of nearly 8 per cent against the issue price of Rs 300 on Wednesday.
New Delhi, Nov 16 (PTI) Shares of Bikaji Foods International Ltd made its market debut at a premium of nearly 8 per cent against the issue price of Rs 300 on Wednesday.
The stock listed at Rs 321.15, reflecting a gain of 7 per cent against the issue price on the BSE. It further rallied 11.66 per cent to Rs 335.
At the NSE, shares of the firm debuted at Rs 322.80, climbing 7.6 per cent.
The company commanded a market valuation of Rs 8,192.66 crore on the BSE.
In the broader market, the 30-share BSE benchamrk traded flat in the morning trade, quoting 20.48 points higher at 61,893.47 at 10:25 hours.
The initial public offering (IPO) of Bikaji Foods International was subscribed 26.67 times last week.
The Rs 881.22-crore IPO had a price range of Rs 285-300 a share.
Bikaji is the largest manufacturer of 'Bikaneri bhujia' with an annual production of 29,380 tonnes and is a leading maker of packaged 'rasgulla', 'soan papdi' and 'gulab jamun'.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)