Parsvnath Developers phenomenal debut on the BSE Sensex

Mumbai, Nov 30 (UNI) Foreign Institutional Investors (FIIs) are today making a beeline for Parsvnath Developers, which is attracting strong investors response and is already subscribed over 60 times. It was trading at Rs 550.10 on the Bombay Stock Exchange (BSE) in early trade, an 83.3 per cent premium over the Initial Public Offering (IPO) price of Rs 300.

The scrip hit a low of Rs 481.50 and a high of Rs 579. As many as 40,400 of it's shares changed hands at the BSE counter here.

National Stock Exchange (NSE) has also today admitted their scrip for derivatives trading, at a market lot of 700 shares.

The company's paid-up equity capital is Rs 181.60 crore, the face value per share being Rs 10.

The company had priced it's IPO at the higher end of the Rs 250 - Rs 300 price band, brokers added.

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