Shares of Archean Chemical Industries, Five-Star Business Finance Surge
Shares of Archean Chemical Industries and Five-Star Business Finance surged up to 17 per cent return on Monday's trade, despite a weaker performance in the domestic benchmarks, tracking global indices
IPO Listings Get Thumbs-Up
Archean Chemical made a strong debut at the stock exchanges, listing at Rs 449, a premium of 10.32 per cent over its issue price of Rs 407
Archean Chemical Shares Gain Up To 17%
The scrip hit a day high of Rs 476.05, up nearly 17 per cent from IPO issue price. The stock finally settled at Rs 457.95 on BSE on Nov 21
Archean Chemical Shares Price
Five-Star Business made a tepid debut and listed at Rs 449.95, a discount of 5.07 per cent over its issue price of Rs 474 due to an "unexciting investor subscription"
Five-Star Business Tepid Listing
The stock turned around sharply to hit a day high of Rs 539.90, up nearly 14 per cent from its IPO issue price. The stock finally closed at Rs 489.50 on Nov 21
Five-Star Business Finance Share Price
The Rs 1,462.31 crore Archean Chemical IPO got a strong investors' response and was subscribed 32.23 times. However, the Rs 1,960 crore Five-Star IPO went under-subscribed at 70 per cent, but managed to sail through
Subscriptions For IPOs
Sharing views on Archean Chemicals, Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, suggested “investors to lock in listing gains and keep a stop loss of Rs 433 in place”
Analysts On Archean Chemicals
On Five-Star Business, Parth Nyati, Founder at Tradingo, said, "Those who applied for listing gains can keep a stop loss of Rs 460 in place.”
Analysts On Five-Star Business
Last week, Bikaji Foods and Medanta operator Global Health Limited made strong debuts at the stock exchanges
Strong IPO Debuts
Kaynes Technology IPO may hit the market on November 22 followed by Inox Green Energy's listing on November 23
Two More IPOs This Week
Stocks mentioned in the story are for information purpose only. Investors or market participants should consult their financial advisors before taking any position
Disclaimer
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