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Wednesday, November 25, 2009

Den Networks Slumps 17% On Listing Day

Den Networks ended its first trading session at a hefty discount of 16.21% to its issue price of Rs 195. The share closed at Rs 163.4 on the NSE.

It touched an intraday high of Rs 199.80 and intraday low of Rs 149.50. The total traded quantity was 1,02,55,795 shares and turnover was at Rs 16,452.35 lakh.

We had clearly asked to AVOID Den Networks IPO at it's launch. Checkout:DEN Networks IPO - Analysis & Advice

On the BSE, the share closed at Rs 163.10 at a huge discount of 16.36% to its issue price. It touched an intraday high of Rs 197 and intraday low of Rs 149.50.

The share had listed today at Rs 195, at its issue price on the exchanges.

The company had come out with an initial public offering (IPO) of up to 2 crore equity shares, which was subscribed 1.04 times.

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