Categories: IPOStocks

NBCC hits Lower Circuit while MT Educare touches Upper Circuit

IPO - Initial Public Offer

Two IPOs (Initial Public offer) – NBCC and MT Educare listed on stock exchanges today.

State owned NBCC (National Buildings Construction Corporation) disappointed investors as it fell more than 10% from its issue price of Rs. 106 to Rs. 95.05 and hit its lower circuit. The equilibrium price for the stock has fixed at Rs 100 a share, so the upper circuit comes at Rs 105 and lower circuit at Rs 95.05. The picture below shows the trading chart for NBCC on listing day on BSE.

On the other hand education support and coaching services provider MT Educare cheered its investors by hitting its upper circuit. It shot up 12.94% to Rs. 90.35 from its issue price of Rs. 80. The equilibrium price for a share has been decided at Rs 86.05; accordingly the upper circuit stands at Rs 90.35 and lower circuit at Rs 81.75. The picture below shows the trading chart for MT Educare on listing day on BSE.

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.