Wednesday, 20 September 2017

Bharat Road Networks slips in trade; stock down by 7%

Bharat Road Networks has slipped during early trade on Wednesday. The stock was trading at Rs 181 per share, down by Rs 13.5 per share or nearly 7%. The stock has lost nearly 12% from its issue price.
The stock is admitted to dealings on the exchange in the list of ‘B’ group securities. The IPO of BRNL was subscribed by 1.81 times as of 2315 hours on the last day of its subscription.
The total issue size of the IPO stood at 2,93,00,000. The issue received 5,30,05,154 bids while the total bids received at cut-off price stood at 1,38,85,914. The company had fixed the price band at Rs 195 to Rs 205 per share. The equity shares will have a face value of Rs 10.

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