The listing of shares of Bikaji Foods, a sweet and namkeen maker, has been done at a decent premium. Shares of Bikaji Foods are listed on BSE at Rs 321 per share as against the issue price of Rs 300 for the IPO. In such a situation, the investors who got shares in the IPO got a seven percent premium on the listing. Shares of Bikaji Foods are listed at Rs 323 on the National Stock Exchange. In such a situation, the shares of Bikaji Foods have not disappointed the investors in the stock market listing. After the listing of Bikaji Foods, investors have got a profit of Rs 21 to 23 per share. Post-listing, the share price of Bikaji Foods touched an all-time high of Rs 330.
The price band of the IPO was fixed at Rs 285 to Rs 300.
Bikaji is a reputed FMCG (Bhujia & Namkeen) brand in the country. The company's IPO was open for investment between November 3 and 7. A price band of Rs 285 to Rs 300 was kept for the Bikaji Foods IPO. The company wanted to raise Rs 900 crore through the IPO. 2.94 crore shares were sold under the IPO. According to market experts, Bikaji Foods shares were seen trading at a premium of Rs 71 in the gray market.
IPO of Global Health also got a strong listing
Global Health Limited, a company running a chain of hospitals in the name of Medanta Hospital, has also been listed in the stock market. The company has got a listing of about 19 percent in the stock market. The company's shares are listed at Rs 401 per share on the National Stock Exchange (NSE) and Rs 398.15 per share on the Bombay Stock Exchange (BSE) on Wednesday. The issue price of the company's IPO was Rs 336 per share. Shares of Global Health Ltd. rose to Rs.409 per share on BSE and Rs.410 per share on NSE in the opening trade on its first day after listing.
The value of the company's IPO was Rs 2206 crore.
Global Health Ltd, which operates and manages hospitals under the Medanta brand name, had fixed a price band of Rs 319-336 per share for its Rs 2,206-crore IPO. The company's initial share sale took place between November 3 and 7. New shares worth Rs 500 crore were issued through the IPO. Apart from this, 5.08 crore shares were sold through an offer for sale.
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