Godrej Agrovet Pares Huge Listing Gains; Trades Higher By 27% To Issue Price

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    After an overwhelming response, for the GAL IPO with operations across different business lines, the stock today listed with huge gains to the tune of Rs. 621 on the BSE as against its issue price of Rs. 460. Voluminous trading in the stock is reported in the stock on both the exchanges.

    The stock pared its early listing gains and was last seen trading at Rs. 583.3 at 11:48 am on the BSE.

    The first IPO by the group company Godrej Industries in 8 years time included an OFS and the company managed to mop up over Rs 79,000 crore for an issue size of Rs 1,158 crore.

    Being a diversified company with presence in well-positioned segments, analysts giae a thumbs up to the issue on a long term perspective as the company is expected to create substantial value going forward.

    Goodreturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more