The week began with a listing boom with four firms making their debut on the bourses on Monday.
Of the four listings, Ravi Jaipuria-owned Devyani International — which holds the franchises for KFC, Pizza Hut, and Costa Coffee — stole the show. The shares got listed at Rs 141, a jump of 56.66 per cent over the issue price on the BSE. The shares later closed at Rs 123.35, a gain of 37.05 per cent. The IPO was subscribed 116.7 times — the eighth best IPO in terms of demand for its shares while going public.
However, the other three IPOs — Windlas Biotech, Krsnaa Diagnostics and Exxaro Tiles — made a tepid debut.
Windlas Biotech’s shares closed at a discount of over 11 per cent against the issue price of Rs 460. The shares of the company listed at Rs 439, down 4.56 per cent from the issue price on the BSE. It further tumbled 11.95 per cent to hit a low of Rs 405. The stock ended at Rs 406.70, lower by 11.58 per cent.
Shares of Krsnaa Diagnostics closed with a marginal gain of around 4 per cent against the issue price of Rs 954. The stock got listed at Rs 1,025, a jump of 7.44 per cent from the issue price on the BSE. It zoomed 15.25 per cent to Rs 1,099.50 during the trade before closing at Rs 990.75, up 3.85 per cent.
Shares of Exxaro Tiles made their debut at Rs 126, a marginal gain of 5 per cent over the issue price on the BSE. As the trade progressed, the shares jumped 10.25 per cent to Rs 132.30 on both the exchanges. The stock closed at Rs 132.25, a gain of 10.20 per cent on the BSE.