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Sah Polymers debuts on strong note; lists at 31% premium to issue price

Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price of Rs 65 per share.

Rolls of polypropylene image via Shutterstock.
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<a href="http://www.shutterstock.com/pic-106836713/stock-photo-rolls-of-the-polypropylene-workpiece.html?src=PRIvHSWVRY3YC_P4nIOXwQ-1-0" target="_blank">Rolls of polypropylene</a> image via Shutterstock.

SI Reporter Mumbai
Sah Polymers made a strong debut, with shares of the packaging company listed at Rs 85, a 31 per cent premium over its issue price of Rs 65 per share on the NSE and the BSE on Thursday.

Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price. At 10:59 AM, the stock traded at Rs 88.95, as compared to 0.42 per cent decline in the S&P BSE Sensex. A combined 4.1 million shares changed hands on the NSE and BSE.

The equity shares of Sah Polymers listed