Subject: Dazzling listing of Birla Pacific Medspa and Rushil Decor Ltd IPO Stocks
After quite some time primary stock market has seen terrific listing of IPO stocks. Two IPOs, Birla Pacific Medspa IPO shares closed at 153.50% premium and Rushil Decor IPO shares closed at 66.18% premium on their listing day.
Birla Pacific Medspa Ltd fixed its IPO shares price at Rs 10, on lower side of its price band. On its listing at BSE, the shares opened at Rs 10.10 and reached its day high at Rs 30.70 (at 207% premium) before closing at Rs 25.35 (at 153.50% premium).
On the other hand, the final issue price of Rushil Decor Ltd IPO was fixed at Rs 72, on the upper side of the price band. On its listing day at BSE and NSE, the shares started trading at Rs 74.50 and slowly moved to Rs 124.05 (at 72.29% premium) before closing at Rs 119.65 (66.18%).
Birla Pacific Medspa Ltd has become one of the few IPO shares managed to close above 150% premium. In last five years, 4 IPO's among 246 gave better listing gain then Birla Pacific Medspa IPO. These IPO's are Burnpur Cement Limited IPO (286.25%), Allied Computers International Ltd IPO (214.17%), Religare Enterprises Limited IPO (182.00%) and Aishwarya Telecom Limited IPO (159.57%).
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