Prism Medico allots 40.71 lakh shares to non-promoters; stocks up 4.5%

Prism Medico has allotted 40.71 lakh equity shares at face value of Rs 10 per equity share at a price of Rs 28 per equity share (Rs 18 being the premium) to the proposed allottees who are non-promoters.

Jan 03, 2017 02:01 IST India Infoline News Service

Medical supplies, pills and capsules
The Board of Directors of Prism Medico and Pharmacy Limited at their meeting on January 3, 2017 has allotted 40,71,428 equity shares at face value of Rs 10 per equity share at a price of Rs 28 per equity share (Rs 18 being the premium) to the proposed allottees who are non-promoters.

Prism Medico & Pharmacy Ltd ended at Rs 36.5, up by Rs 1.6 or 4.58% from its previous closing of Rs 34.9 on the BSE.

The scrip opened at Rs 37.9 and has touched a high and low of Rs 37.9 and Rs 36.25 respectively. So far 29908(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6.95 crore.

The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 42.4 on 12-Dec-2016 and a 52 week low of Rs 20 on 05-Jul-2016. Last one week high and low of the scrip stood at Rs 35 and Rs 31.6 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 100 % respectively.

The stock is currently trading above its 50 DMA.

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