New Listing today : Austral Coke & Projects Ltd. at Rs196 (Scrip Code: 533016) (B Group)

Shares of Austral Coke & Projects Ltd. will get listed on the bourses. (Scrip Code: 533016) (B Group)

Today new listing of the company's IPO which was subscribed 1.65 times, mainly due to heavy subscription in the HNI portion. The retail segment was highly under-subscribed while the QIB portion was subscribed 1.29 times. The issue price is Rs 196 per share. One has to see how the stock performs in the wake of the stupendous show put up by Resurgere Mines, which has shot up sharply after listing.