Bang Overseas Shriram EPC Decline

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IPO Outlook:

Bang Overseas, Shriram EPC Decline

Author: 123jump.com Staff
123jump.com
Last Update: 2:04 PM EST February 20 2008

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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.

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