Sheela Foam rises 17% on market debut
At 10.33 am, the stock surged over Rs 149.20 or 17.35% on BSE, trading at Rs 1009.20. It was up Rs 279.20 or 38.25% from its issue price.
The company got listed at Rs 860 per share, at a premium of 17.81% from the issue price of Rs 730. Photo: Youtube
Sheela Foam Limited rose by over 17% on its market debut on BSE Sensex and NSE Nifty.
At 10.33 am, the stock surged over Rs 149.20 or 17.35% on BSE, trading at Rs 1009.20. It was up Rs 279.20 or 38.25% from its issue price.
The company got listed at Rs 860 per share, at a premium of 17.81% from the issue price of Rs 730.
The Sleepwell-brand maker came up for initial public offering (IPO) on November 29, 2016, to raise upto Rs 510 crore.
It was oversubscribed over 5 times.
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Written By: ZeeBiz WebTeam
Updated: Fri, Dec 09, 2016
10:33 AM IST
10:33 AM IST
Mumbai, ZeeBiz WebDesk
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