Ghorahi Cements Hits Lower Circuit in 1st Trading Day

Aug 13, 2023 12:09 PM Merolagani

Ghorahi Cements which sold initial public offering at premium rate has hit lower circuit in the very first day of trading.

The stock debuted through pre-open session at Rs 565.5 per stock, however, it soon hit the lower circuit and was traded at Rs 509 per share.

In the first hour, nearly 100,000 units have been traded. Although number of seller are high, buyers are equally active for the stock.

Ghorahi Cements sold IPO at Rs 435 including face value of Rs 100 and premium of Rs 335. .

 

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