The IPO of Paint maker Ducol Organic And Colors Limited has made a bang entry in the stock market. The company’s shares were listed at Rs 111.95 on the NSE at a premium of 43.53 per cent.
Let me tell you, the price band of Ducol Organic’s IPO was Rs 78. The company has fixed the lot size of 1600 shares for the IPO. That is, an investor must have invested at least Rs 1,24,800.
The return of any investor who would have been allotted shares of the company has increased to Rs 1.78 lakh after the listing. However, the stock became a victim of profit booking shortly after listing. After which the price of the company’s shares fell to the level of Rs 106.35. Gone.
If you want to make a fund of 3 crores for the future, know when and how to invest, become rich