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Monday, May 23, 2011

Sanghvi Forging gives decent return on listing

Despite  gloomy sentiment across capital markets world over, Sanghvi Forging was listed at 88 Rs. on NSE, it's issue price was 85 Rupees.
By the time of this post stock was trading at 91.55 Rs that is return of 7.7 %.
Issue was not subscribed by QIB at all, while HNI and retail category was subscribed 2 and 3 times respectively.

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