Inox Leisure debuts with 50 pc premium

Mumbai, Feb 23 (UNI) Inox Leisure Ltd made an impressive debut on the stock markets today with more than 50 per cent premium.

The Inox scrip closed at Rs 179.90 with a gain of 50 per cent (49.92 pc) or Rs 59.90 on the National Stock Exchange (NSE).

Inox, which runs a chain of multiplexes, earlier opened at Rs 172 and touched a high of Rs 194.80 during the day's trade and a low of Rs 167.05 before closing at Rs 179.90.

The volume was big on NSE, with 2.68 crore shares worth Rs 486.70 crore traded.

On the Bombay Stock Exchange (BSE), Inox opened at Rs 185 per share against the fixed issue price of Rs 120 per share of Rs 10 value on the BSE.

The scrip touched a high of Rs 200 and a low of Rs 168.05 during the intra-day trading and closed finally at Rs 174.75.

On BSE, more than 1.65 crore company shares changed hands.

Inox issue was oversubscribed 49 times.

Inox is planning to install nine screens across 16 cities in India.

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