Cairn India trades at Rs 137 on BSE

Mumbai, Jan 9: Cairn India was for the first time trading at Rs 137 on BSE in early trade today, a discount of 14.3 per cent over the IPO price of Rs 160, brokers said.

After debuting at Rs 140, the scrip attained a high of Rs 155 and a low of Rs 135.20. As many as 4.7 lakh shares changed hands in the counter on BSE.

The company had priced the IPO at the lower end of the Rs 160 - Rs 190 price-band.

The company's post-issue equity is a massive Rs 1,765.31 crore, face value per share being Rs 10. The post-issue holding of Cairn Energy is 67.6 per cent. The post-issue, FII-holding in the company is 13.04 per cent.

NSE has also added the stock to the futures&options (F&O) segment with a lot size of 1,250, brokers added.

UNI