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Saturday, May 06, 2006

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Lokesh debuts with 75 pc premium

Our Bureau

Mumbai , May 5

Auto-component manufacturer Lokesh Machines Ltd's shares were listed on the BSE at Rs 245, a premium of 75 per cent to the issue price of Rs 140 per share. The shares of the Hyderabad-based company touched the day's high at Rs 300, before shedding early gains to close at Rs 228, a premium of about 63 per cent to the issue price. On the NSE, the shares were listed at Rs 211.65, a premium of just over 51 per cent to the issue price. The shares closed Rs 227.40 on the NSE, a premium of 62.42 per cent to the issue price.

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