Gokul Refoils debuts with premium of 12.77 pc

Mumbai, Jun 4: Gokul Refoils and Solvent, manufacturer of solvent extraction, refining of edible oils and vanaspati, made a debut on the National Stock Exchange (NSE) by listing at 219.90 against the issue price of Rs 195, a premium of 12.77 per cent. The share was trading at Rs 210 on the NSE in the morning session. The share touched a high of Rs 224.70 and a low of Rs 203 during the intraday trading.

The total traded quantity was 12,83,099 shares and turnover was Rs 2,715.17 lakh, brokers said. On the BSE, the share opened at Rs 203.45 and touched a high of Rs 218 and a low of Rs 201.60 in the intraday trade. Gokul Refoils and Solvent was oversubscribed by 4.26 times. Public offer has received bids for 3.05 crore shares as against 71.58 lakh shares on offer. The issue received an overwhelming response from QIBs with oversubscription of 2.72 times. Both retail and high net worth individual portions were oversubscribed by 6.58 and 5.59 times respectively.

UNI