Latest News | BIZ-STOCKS-LD MACROTECH DEV Macrotech Developers Shares Tumble Nearly 6 Pc in Debut Trade
Get latest articles and stories on Latest News at LatestLY. Shares of Macrotech Developers on Monday made a tepid market debut and closed with a discount of nearly 6 per cent from the issue price of Rs 486.
New Delhi, Apr 19 (PTI) Shares of Macrotech Developers on Monday made a tepid market debut and closed with a discount of nearly 6 per cent from the issue price of Rs 486.
The stock listed at Rs 439, registering a decline of 9.67 per cent from the issue price on BSE. It further tumbled 13.34 per cent to Rs 421.15. It closed at Rs 463.15, falling 4.70 per cent.
In traded volume terms, 3.33 lakh shares were traded at the BSE and over 1.10 crore units on the NSE during the day.
On NSE, it debuted at Rs 436, lower by 10.28 per cent from the issue price. It closed at Rs 457.95, lower by 5.77 per cent.
The initial public offer of realty major Macrotech Developers was subscribed 1.36 times earlier this month.
Macrotech Developers, erstwhile Lodha Developers, fixed a price range for the Rs 2,500-crore offer at Rs 483-486 per share.
(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)