Bharat Dynamics has debuted at Rs 360.00 on the BSE, down by 68 points or 15.89% from its issue price of Rs 428.
The scrip is currently trading at Rs 393.00, down by 35.00 points or 8.18% from its issue price. It has touched a high and low of Rs 402.80 and Rs 360.00 respectively.
So far 3,86,000 shares were traded on the counter.
The offering, which was open for subscription between March 13, 2018 and March 15, 2018, was subscribed 1.3 times. The issue price was fixed at Rs 428 per share i.e. at upper end of price band of Rs 413-428 apiece.
Bharat Dynamics is engaged in manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment.
