Tuesday, November 21, 2006

IPO BULL

MUMBAI: Shares in Internet firm Info Edge (India) Ltd debuted at Rs 491 on the BSE on Tuesday, up 53.4 per cent to the initial public offering (IPO) price of Rs 320 per share. At 2.30 pm, it was quoted even higher at Rs 605 on volumes of 59.54 lakh share s. It touched a high of Rs 605 during the day.

The pricing was at the top end of the indicated Rs 290-Rs 320 price band. The firm's 5.32-million-share offer was bid more than 50 times.

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