ODEL share price doubled.
Wednesday, August 4th, 2010 at
10:32 am
ODEL shares started trading first time today in secondary market after heavily oversubscribed IPO last month. In early trading it was traded at Rs 30/- per share. ODEL Ltd issued 16,700,000 ordinary voting shares at Rs 15/- per share to the public last month. It was oversubscribed more than 63 times.
Despite most of investors believed it will start trading around Rs 20/- to 25/- it was started at Rs 30/-. This trend will definitely motivate investors to subscribe ongoing PC House IPO. PC House IPO will open tomorrow 5th Aug 2010.
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Filed under: Colombo Stock Market • IPO
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But I don't think that, there will be this much of trend for PCH.
And ODEL is Unbelievable.
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