Why is this base pricing and 2% cutoff for Tanla? Any specific reasons? For other stocks the cutoff is 5%, 8%, 10% and as high as 20%. Why this constraint for Tanla ?
First of all, New year wishes to all friends and visitors of this blog and I wish you a wonderful new year bringing tons of joy and happiness.
Tanla solutions is listing tomorrow. The stock was alloted at a price of Rs. 265. However, the lisiting price of this stocks has generated curiosity since the issue was a stunning success. As you may be aware that the stock is already listed on Hyderabad stock exchange as is currently qouting at Rs. 372.
BSE has come out with a circular that the closing price on Hyderabad Stock exchange would be the base price for listing of Tanla on BSE and the stock would carry a circuit filter of 2% . However, interstingly, there is no such circular from NSE. So this would be a interesting scenario to watch when the stocks lists at both the exchanges. There may a price gap for the scrip between both the exchanges in view of the above . Even at the expected listing price of 379 the stock offers a gain of 43% over its issue price.
Dear all, I understand there is a base price for listing fixed for Tanla - 372 Rs. with +/- 2% cap. This is happening first time. is there any further news?????