Edelweiss Capital IPO Listing turns good for investors

Edelweiss Capital IPO listed today on the bourses, the issue has listed at Rs.1443 on the NSE with a premium of 75 per cent over the issue price of Rs. 825. The stock touched an intra-day high of Rs. 1608 which would indicate a return of over 94 per cent to the investors who have received the allotment. In F&O segment the stock options was priced between Rs. 220 to 1420 and the permitted lot size was 250 shares.

Analysts have suggested to hold on to this stock, as the company is fundamentally good one and has good plans going ahead. Partial profits can be booked at above 1750 levels. Edelweiss Capital stock is a hold for near term.