After encouraging debut of Godrej Properties at the bourses on Tuesday, DB Corp which was listed on Wednesday ended the day with a premium of over 25% on the Bombay Stock Exchange (BSE).
Stock price of DB Corp closed the first day at Rs 265.90 on the BSE, a premium of Rs 53.90, or 25.42%, as against its issue price of Rs 212. KRIS MD Arun Kejriwal said, “Investors in all categories including retail investors have benefited from the good listing and a gain of 26-27% will certainly help restore investor confidence in the IPO market.”
Indian equity indices which remained volatile throughout the trading session ended the day with minimal gains, following positive cues from the Asian markets and buying in healthcare and realty stocks. During the intra-day trading session, some profit-booking was seen by the domestic institutional investors (DII) after the recent rally in the benchmark indices. The 30-share Sensex of Bombay Stock Exchange added 14.89 points, or 0.08%, to end the day at 17,701.13 points.
The broader S&P CNX Nifty of National Stock Exchange (NSE) gained 3.90 points, or 0.07%, to close the day at 5,281.80 points. Dealers in the markets also added that, despite some selling by the DII some good inflows were witnessed by the foreign funds. According to the provisional figures provided by the BSE, DII were net sellers at Rs 286.10 crore while foreign institutional investors (FII) were net buyers at Rs 660.55 crore.