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Article: Somi Conveyor lists with 7.57 pc premium on BSE.

Article from:
PTI - The Press Trust of India Ltd.
Article date:
July 24, 2008
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Somi Conveyor lists with 7.57 pc premium on BSE

Mumbai, July 24 (PTI) Manufacturer and exporter of rubber conveyor belts Somi Conveyor Beltings today got listed at Rs 37.65 on the Bombay Stock Exchange, with a premium of 7.57 per cent over its issue price of Rs 35.

However, within minutes of listing the scrip of the company parted the initial gains and slipped below its issue price.

The company touched an intra-day low of Rs 30.40 and over 16.38 lakh shares exchanged hands on the BSE. Somi Conveyor was trading at RS 30.80 at 10.22 am on the BSE. ...

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