Global Broadcast News listed on the BSE yesterday at Rs.417.10 yesterday, at a premium of 66.8 percent over its issue price of Rs.250. On the NSE, it listed at Rs.425. The issue had been oversubscribed 48.74 times. Touching an intraday high of Rs.524, it closed the day at Rs.510.10 on the BSE, with volumes of 13 million shares. On the NSE, it closed at Rs.505.90 having touched at a high of Rs.518.80 and with volumes of 18 million shares. more at moneycontrol.com
Today’s quite another story, though – the share has corrected is at Rs.490.95 on the BSE, and Rs.487.10 on the NSE.
Also, one thing that’s really awful about the moneycontrol redesign: one really can’t make out the difference between relevant text and google ads – I guess that’s what must be getting them the click-throughs. Take a look at this screencap, for a search for the GBN share.
Related:
– GBN Plans Regional News Channels; Bahl Denies Web18 Listing Plans, Looking For Intenet Acquisitions
– Global Broadcast News To Raise Rs.105crore Via IPO; Sets Price Band Of Rs.230-Rs.250
Disclaimer: I have an inconsequential number of shares of Network18, which has holdings in GBN
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