Readymade Steel plunges on FII exit

The stock had listed at Rs 115 against its issue price of Rs 108 a share on Wednesday, gaining as much as 9% to hit a high of Rs 118 in early trade before seeing a sharp sell-off. It had plunged 44% from the day’s high to close at Rs 66 on the BSE.

“Cresta Fund, the sole FIIs allotted 62,580 shares in initial public offer (IPO) had sold its entire stake via bulk deal on the first day of listing at an average market price of Rs 80.09," the company said in a filing to the stock exchanges.

The stock opened the day at Rs 64.80 and hit a low of Rs 58.25 on the BSE. Around 2.48 million shares have changed hands on the counter till 1008 hours.

Steel - Related Products

All Categories Alexa Skills Amazon Devices Amazon Fashion Amazon Fresh Appliances Apps & Games Baby Beauty Books Car & Motorbike Clothing & Accessories Collectibles Computers & Accessories Deals Electronics Furniture Garden & Outdoors Gift Cards Grocery & Gourmet Foods Health & Personal Care Home & Kitchen Industrial & Scientific Jewellery Kindle Store Luggage & Bags Luxury Beauty Movies & TV Shows Music Musical Instruments Office Products Pet Supplies Prime Video Shoes & Handbags Software Sports, Fitness & Outdoors Subscribe & Save Tools & Home Improvement Toys & Games Under 500 Video Games Watches

Search

Amazon Brands

Bestsellers

Stainless Steel

Stainless Steel Fabricators

Stainless Steel Railing

Steel - Deformed Bars

Steel - Doors

Steel - Fabricators

Steel - Fibres

Steel - High Tensile Bars

Steel - Structurals

Steel - TMT Bars

Steel - TMT Bars - Technology Providers

Steel - Tor

Steel Forging

Steel Tubes

by INDOPOWER

INDOPOWER AMY1341-RUST REMOVER 500ml.

Price: 795 1349

You Save: -41%

by Watertoy

Watertoy Stainless Steel Double-Buckle Flexible Shower Hose Hand-shower Hose Shower Tube, Health Faucet Tube, Flexible Tube (1 Meter, Silver Chrome)

Price: 279 499

You Save: -44%

by PESCA

Pesca Oval Shaped 9" Long Handheld Shower with SS Tube Ultra Slim with Chrome Finish Stainless Steel Rain Spray Hand Shower

Price: 472 799

You Save: -41%

by Generic

SAJ Stainless Steel Net 2.5 Inch Round Ventilation Guard with Stainless Steel Net Air Hole Mosquito Guard/Air Hole Net White (Set of 10)

Price: 819 1119

You Save: -27%

by Bosch

Bosch Professional GWS 600 Angle Grinder - 670W, 100mm, M10 (Blue), Multipurpose

Price: 2044 3800

You Save: -46%

by FREEMANS

FREEMANS 5-inch Double Net Cut off Wheels Used for Metal and Stainless Steel Cutting Pack of 50 pcs - Black

Price: 1090 1999

You Save: -45%

by THE MEN THING

THE MEN THING Alloy Gothic Black Enamel Pendant with Pure Stainless Steel 24inch Chain for Men, European trending Style - Round Box Chain & Pendant for Men & Boys

Price: 692 1599

You Save: -57%

by RAB

RAB Door Latch Aluminum, Stainless Steel Rod material, Tadi for Main Doors (Code:- Mango Tadi, Size-10", Finish- NS, Pack of 1 PCS)

Price: 347 694

You Save: -50%

by Generic

SAKAI MBT REBAR COUPLER M16 (pack of 6 pcs)

Price: 905 1850

You Save: -51%

by Lovely

LOVELY Stainless Steel Hopper Magnet Size 12"X12" inch Square Shape

Price: 2687 3399

You Save: -21%

by Generic

Vihaan Enterprise Colourful Toran for Door Handmade for Main Door Hanging (Full Door Length 37 Inch) | Bandarwar Hanging for Main Door | Home Decoration Toran

Price: 399 1199

You Save: -67%

by Innovative FABRICATORS

Innovative Fabricators, Inc. Bear Double Gang Light Switch Wall Plate (Double Rocker (GFCI), Black)

Price: 3404 0

You Save: 0

by Swent

Swent Stainless Steel 304 Capillary Tubes (OD (2.0mm) x ID (1.8mm), Length - 25mm, 50)

Price: 500 950

You Save: -47%

by DIYHD

DIYHD 13FT Brushed Nickel Steel Sliding Barn Hardware to Hang 2 Panel, Track, Double Door kit

Price: 85791 137266

You Save: -37%

by Atom

Atom 2 Pack 11.8 inches Steel Pull Handle | Brass Antique Finish | Door Handle | Phs01

Price: 1169 3586

You Save: -67%

by brandname

Qinwuwu Stainless Steel Cable Railing Cross Cable Clamps for Wire Rope Clips Fitting for Wall Trellis System 20pcs (5mm)

Price: 12877 20604

You Save: -38%

by THE MEN THING

THE MEN THING Pendant for Men - Pure Titanium Steel Snake 8 Pendant with 24inch Round Box Chain for Men & Boys

Price: 791 1999

You Save: -60%

by Generic

KTM Healthcare Kitchen Rest Muddler, Ergonomic 304 Stainless Steel Cocktail Muddler Dishwasher Safe One Piece Forging for Bar Long Handle

Price: 5448 10899

You Save: -50%

view more..