GTPL Hathway Sees Poor Listing On Bourses At Rs 170

GTPL Hathway lists flat at Rs 170 per share compared to its issue price. However, in the first few minutes of trade, the stock swung between negative and positive territory.

The company had come up with an IPO issue which opened on June 21, 2017 and closed on June 23, 2017. The issue followed a book building process wherein the price band was fixed between Rs 167 to Rs 170 per share. IPO had minimum order quantity of one market lot, wherein one lot consisted of 88 equity shares.

The IPO had received over-subscription of 1.53 times wherein Qualified Institutional Buyers (QIBs) oversubscribed the issue by 1.48 times, non-institutional investors by 2.85 times and retail investors by 0.99 times.

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About Suhani Varma

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