Today Listing happend for two IPO's.
1.BGR Energy 2. Burnpur Cement
Burnpur Cement closed the day at Rs 49.70, with a gain of 314.17% over its offer price of Rs 12 per share and BGR Energy Systems at Rs 902, up 87.92% over its offer price of Rs 480 per share on the NSE.
BGR Energy got subscribed 120 times, which was significantly higher as compared to other issues. The reason is that the company is in engineering sector where it supplies equipment for power, refinery sectors. The sector is hot favourite among the investors. However, Burnpur Cement was subscribed just 14.79 times.
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