Paradeep Phosphates lists at nearly 5% premium over issue price

By H.JanGra May  27, 2022

Shares of fertilizer company Paradeep Phosphates debuted on a positive note and got listed at a premium of nearly 5 per cent from their issue price in the stock exchanges today.

The scrip got listed at Rs 44.00 apiece on the National Stock Exchange (NSE), thereby registering a gain of 4.76 per cent from its offer price of Rs 42.00

while on the BSE, it opened at Rs 43.55, up 3.69 per cent from the issue price.

The stock further inched higher from its opening levels and touched a high of Rs 47.25 on both the BSE and NSE during the first half an hour of trade.

At 10:30 am, the scrip was trading at Rs 44.60 on the BSE, up 6.19 per cent from the issue price while on NSE it was at Rs 44.70, up 6.43 per cent

The market capitalisation stood at Rs 3,632.66 crore, data from the BSE showed.

Over 6.25 crore shares of Paradeep Phosphates were traded so far on NSE while around 47.10 lakh shares have exchanged hands on the BSE, data from the respective stock exchange showed.