Thursday, July 23, 2009

Mahindra Holidays lists at Rs 321

Mumbai: Mahindra Holidays & Resorts listed on the BSE at Rs 321 on July 16 at a premium of 7 per cent over its issue price of Rs 300. Moreover, in the National Stock Exchange, a similar movement was witnessed where the scrip listed with a premium of 23 per cent at Rs 370. During the trade the scrip touched an intraday high of Rs 374.50, a premium of 25 per cent its issue price.

The scrip witnessed volumes of over 56.67 lakh shares changed hands on both the bourses. Mahindra Holidays IPO was over subscribed 9.8 times the number of shares on offer, thereby raising Rs 301.12 crore. The company

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