Women's apparel maker TCNS Clothing started off the first session on a tepid note, opening flat at around issue price of Rs 716 and then slipped in to red with a percent loss.
The 1,125-crore initial public offer had received good response from institutional investors, subscribing 5.25 times during July 18-20.
The offer received bids for 5,79,79,780 equity shares against the total issue size of 1,09,99,828 shares.Benchmarks are marginally off their high points, but have continued to be in the green. The Nifty is hovering around 11,300.
The Sensex is up 70.51 points or 0.19% at 37407.36, and the Nifty up 15.90 points or 0.14% at 11294.30. The market breadth is positive as 1,284 shares advanced, against a decline of 575 shares, while 107 shares were unchanged.Shares of Bank of Baroda soared almost 8 percent on Monday morning as investors cheered its strong results for the June quarter.
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