Campus Activewear IPO: Shares of Campus Activewear had a great listing on BSE and NSE on Monday. The company’s stock got listed in the stock market with a premium of 23 percent from the price band of the IPO.Â
Campus Activewear Listing: Campus Activewear Listing had a great listing on Monday during business with the decline of the country’s major stock market. Recently, the company had an IPO issue (IPO). Now on Monday, the company listed in the stock market with a premium of 23 percent.
The issue price of Campus Activewear is Rs 292.
Shares of Campus Activewear got listed on Bombay Stock Exchange (BSE) at Rs 355. Apart from this, this share was listed on the National Stock Exchange (NSE) at Rs 360 (about 23.29%). Let us tell you that the issue price of Campus Activewear IPO was Rs 292.
23% premium over price band
On the excellent listing of Campus Activewear, Santosh Meena, Research Head, Swastika Investments, said the stock is listed with a 23 per cent premium over the price band. He said that being listed with such a premium in the midst of a weak market shows good fundamentals and business of the company.
You can put a stop loss of Rs 300
He advised that investors who have invested money in the IPO for listing gains can put a stop loss of Rs 300. It is advisable to invest money in the stock for a long time. The IPO of Activewear, which opened on campus between April 26 and 28, had received an overwhelming response from investors. The price band of this IPO with a valuation of Rs 1400 crore was fixed at Rs 278-292 per share. Its lot size was 51 shares.
