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Mahindra Holidays Lists at Rs 321

The Mahindra Group company scrip jumped as soon as it was listed

After the initial public offering (IPO) was successfully concluded, Mahindra Holidays & Resorts has listed in a similar manner on the National Stock Exchange today.

The Mahindra Group company listed at a premium of 7 per cent at Rs 321 as against its issue price of Rs 300.

There was active interest in the stock which saw the traded quantity jump to 3,54,757 shares.

On the Bombay Stock Exchange, the company’s stock listed at a relatively more subdued level at Rs 315 and touched an intraday high of Rs 339.70, although it did move up and down in a volatile manner to as low as Rs 312.70. It did not fall into negative terrain though.

The IPO was up for grabs from June 23 to June 26, 2009 and on offer were as many as 92,65,275 equity shares. At issue price the size of the IPO was Rs 277.95 crore, which ultimately was subscribed 9.8 times.

The stock is trading at Rs 323.80 on the NSE, up by 7.93 per cent by 11:30 a.m. On the BSE, the stock is trading at Rs 323, a change of 7.67 per cent.

On the NSE the volume of shares traded is 6,343,847 and the value is Rs 2,080,147,431; on BSE the volume is 4,050,735 and the value is Rs 1,308,387,405.

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Mahindra IPO Collects Rs 2,949.8 cr