On the BSE, the non-retail portion was subscribed 4.51 times.
HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. The stock has been on a losing trend and has declined in 4 out of the past 5 trading sessions.
The issue for the general category ended today. The OFS for retail category is on Friday, March 24, 2022.
The number of equity shares being offered for sale were up to 58,51,782 with a face value of Rs 10. The two-day issue ends on Friday.
“The seller shall intimate the stock exchange of its intention to exercise the oversubscription after trading hours (i.e. on or before 5 pm) on March 23, 2023,” the information available on NSE said.
The share allocation methodology is on the price priority basis. The market lot size is 1 equity share and 10% of the offer size was reserved for retail investors.
HAL shares hit a 52-week high of Rs 2,914 on March 13, 2023. The 52 week low for HA L was on March 28, 2022, When it hit Rs 1,381.
The benchmark indices today ended in the red amid profit booking on the day of weekly expiry. While S&P BSE Sensex ended at 57,925.28, down by 289.31 points or 0.50% from the Wednesday closing price, the broader market Nifty50 settled at 17,076.90, lower by 75 points or 0.44%.
The market breadth was skewed in favour of bears as only 19 stocks ended in the green against 30 declines while 1 stock remained unchanged.
Hindalco Industries and Maruti Suzuki shares were the top gainers while State Bank of India (SBI) and Bajaj Auto were the biggest Nifty50 losers.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.