Shares of
Archean Chemical Industries,
Five-Star Business Finance Surge

Shares of Archean Chemical Industries and Five-Star Business Finance surged up to 17 per cent return on Monday's trade, despite a weaker performance in the domestic benchmarks, tracking global indices

IPO Listings Get Thumbs-Up

Archean Chemical made a strong debut at the stock exchanges, listing at Rs 449, a premium of 10.32 per cent over its issue price of Rs 407 

Archean Chemical Shares Gain Up To 17%

The scrip hit a day high of Rs 476.05, up nearly 17 per cent from IPO issue price. The stock finally settled at Rs 457.95 on BSE on Nov 21

Archean Chemical Shares Price

Five-Star Business made a tepid debut and listed at Rs 449.95, a discount of 5.07 per cent over its issue price of Rs 474 due to an "unexciting investor subscription"

Five-Star Business Tepid Listing

The stock turned around sharply to hit a day high of Rs 539.90, up nearly 14 per cent from its IPO issue price. The stock finally closed at Rs 489.50 on Nov 21

Five-Star Business Finance Share Price

The Rs 1,462.31 crore Archean Chemical IPO got a strong investors' response and was subscribed 32.23 times. However, the Rs 1,960 crore Five-Star IPO went under-subscribed at 70 per cent, but managed to sail through

Subscriptions For IPOs

Sharing views on Archean Chemicals, Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, suggested “investors to lock in listing gains and keep a stop loss of Rs 433 in place”

Analysts On Archean Chemicals

On Five-Star Business, Parth Nyati, Founder at Tradingo, said, "Those who applied for listing gains can keep a stop loss of Rs 460 in place.”

Analysts On Five-Star Business

Last week, Bikaji Foods and Medanta operator Global Health Limited made strong debuts at the stock exchanges 

Strong IPO Debuts 

Kaynes Technology IPO may hit the market on November 22 followed by Inox Green Energy's listing on November 23

Two More IPOs This Week

Stocks mentioned in the story are for information purpose only. Investors or market participants should consult their financial advisors before taking any position 


WhatsApp New Feature: Screen Lock Feature For WhatsApp Web Soon?

Story by: Prashun Talukdar
Designed by: Pragati

Next Visual Story 

Click Here