SIS shares erase early gains; lose over 7% in debut trade
Shares of Security and
Intelligence Services (SIS) erased early gains to close with a
loss of over 7 per cent against the issue price of Rs 815 in
debut trade today.
The stock listed at a premium of 7.36 per cent at Rs 875
on BSE. However, it gave up all the gains later and finally
closed at Rs 756.70, showing a loss of 7.15 per cent over the
issue price. During the day trade, it touched a high of Rs 878
and a low of Rs 749.
At NSE, shares of the company slumped 7.11 per cent to
close at Rs 757.05.
In terms of equity volume, 13.20 lakh shares of the
company were traded on BSE and over 80 lakh shares changed
hands at NSE during the day.
The company's market valuation stands at Rs 5,535.94
The initial share sale offer of Security and
Intelligence Services (India) Limited was oversubscribed 7
The company had set Rs 805-815 per share as the price
band for the IPO.
The company provides security solutions and business
support services to a wide range of customers across India and
Axis Capital Limited, ICICI Securities Limited, IIFL
Holdings Limited and Kotak Mahindra Capital Company Limited
were the global coordinators and book running lead managers to
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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