Bang overseas prices its 3.5 million shares at 207 rupees at the top end of its price range and Shriram EPC prices 5 million shares at 300 rupees.
In volatile trading two newly prices offerings closed below their offer prices. Apparel maker Bang Overseas priced 3.5 million shares at 207 rupees and closed at 171 rupees. Wind turbine developer Shriram EPC priced 5 million shares at 300 rupees and closed at 293.60 rupees. Rural Electrification IPO was oversubscribed by 2.7 times from its offer size on the second day of book building.
Netsuite Prices its 6.2 million shars initial public offering at $26 per shre. Orion Energy Systems jumped 50% but Gushan Environmental declines.
Netsuite priced its initial publc offering at $26 per share and raised $114 million. Stock traded as high as $30 in the afternoon trading on the optimism that the company will be able to turn profit in 2008. The company revenue are estimated to cross $100 million in 2007 but yet to generate profit. Orion Energy ipo jumps 50% by the second day of trading but Gushan Environmental Energy based in China struggled to stay above its offer price.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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