Friday, March 9, 2007

Idea Cellular’ IPO listed With 13.33% Premium

Idea Cellular, an Aditya Birla Group company, currently operates in 11 Circles of India, has listed at Rs 85, with 13.33% premium over its offer price of Rs 75 per share.At 10:47 am, the share was trading at Rs 87.70, up 12.707%, with volumes of 32,086,718 shares on the BSE; touched an intraday high of Rs 92.40 and low of Rs 84.00.Idea Cellular added 5.68 lakh GSM users in February versus 6.29 lakh in January. It is close to signing a USD 500 million IT deals with IBM - Mint.
The stock is available in NSE F&O segment with futures lot size of 2700 shares.

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