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Thursday, May 18, 2006

JRG Sec lists at Rs 55 on BSE

JRG Securities has listed on the stock exchange above its issue price at Rs 55 on the BSE. The stock was issued at Rs 40 per share.

On the BSE, at 10.08 am, the share is quoting at Rs 44.75, with volumes 5,45,154 shares. It has touched an intraday high of Rs 55 and an intraday low of Rs 43.10.

The share's BSE ID is 532745. It was subscribed 4.47 times.

JRG Securities had entered the capital market with intial public offer, IPO of 36.25 lakh equity shares with a face value of Rs 10 and premium of Rs 30.

The issue was meant to mobilise Rs 14.50 crore (Rs 145 million) for the up-gradation of the existing IT infrastructure, establishment of 30 new regional offices and for overseas expansion, Giby Mathew, Executive Director of JRG said.

This would probably the first time that FIIs, Mutual Funds, banks and Indian institutions have shown so much interest in such a small issue.

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