Latest News | Sah Polymers Shares Debut with Nearly 31 Pc Premium

New Delhi, Jan 12 (PTI) Shares of Sah Polymers on Thursday listed with a premium of nearly 31 per cent on the stock exchanges against the issue price of Rs 65.

The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. It further rallied 36.92 per cent to Rs 89.

Also Read | Lal Bahadur Shastri Death Anniversary 2023 Quotes & HD Images: Slogans, Photos and Wallpapers To Share Remembering the Indian Freedom Fighter and Former Prime Minister.

At the NSE, it began the trade at Rs 85.

The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel.

Also Read | Auto Expo – The Motor Show 2023 To Be Held From January 13 to 18 in Greater Noida, Will Explore Futuristic Green Tech.

Meanwhile, in the broader market, the 30-share BSE benchmark gave up all early gains and was trading 222.2 points or 0.37 per cent lower at 59,883.30.

The initial public offer of Sah Polymers was subscribed 17.46 times last week.

The initial share-sale had a price range for the offer at Rs 61-65 a 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)