Reliance Petroleum IPO surges 70%

Reliance Petroleum IPO lists touching Rs101.95, a 70% premium to IPO price of Rs60 before intra-day profit taking sees share stabilise at Rs85 levels.

Reliance Petroleum commenced trading on May 11 yesterday at more than a 70% premium to the IPO price of Rs60 $1.36 - touching an intra-day high of Rs101 $2.29. However, profit-taking saw the share close at Rs85 $1.92. In excess of 375 million shares changed hands during the course of ThursdayÆs trading session across both exchanges, the NSE and BSE. Some fund managers predicted that further profit taking could see the share finally settle at Rs80 $1.81...

To continue reading, please login or register for free

Click for more on: reliance petroleum | mukesh ambani | india

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...