Krsnaa Diagnostics IPO listing
Krsnaa Diagnostics also had a tepid listing although it held on above the issue price. Krsnaa Diagnostics listed at a premium of just 5.4% but tapered further, managing to just hold above the issue price of Rs.954. With overall subscription of 64.38X in the IPO and with HNI subscription at 116.30X, the listing response was relatively muted. Here is the Krsnaa Diagnostics listing story on 16th August.
The Krsnaa Diagnostics IPO price was fixed at the upper end of the band at Rs.954 after 64.38X subscription. On 16th Aug, the stock of Krsnaa Diagnostics listed on the NSE at a price of Rs.1,005.55, a premium of 5.4% over the issue price. On the BSE, the stock listed at a price of Rs.1,025, a listing premium of 7.44%.
On the NSE, Krsnaa Diagnostics closed at Rs.978, a first day closing premium of just about 2.52% over the issue price. On the BSE, the stock closed at Rs.990.75, a first day closing premium of 3.85% over the issue price.
On Day-1 of listing, Krsnaa Diagnostics touched a high of Rs.1,099.70 on the NSE and a low of Rs.960. On Day-1, the Krsnaa Diagnostics stock traded a total of 83.08 lakh shares on NSE amounting to value of Rs.853.16 crore. On the NSE, Krsnaa Diagnostics was ranked Number 7 by traded value on 16th August.
On the BSE, Krsnaa Diagnostics touched a high of Rs.1,099.50 and a low of Rs.961.45. On BSE, the stock traded a total of 4.31 lakh shares amounting to value of Rs.44.21 crore. At the close of Day-1, Krsnaa Diagnostics had a market capitalization of Rs.3,111 crore with free-float market cap of just Rs.1,151 crore.
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