Dollar Industries hits upper circuit on its listing day
DSIJ Intelligence / 21 Apr 2017
Dollar Industries Ltd., is the first innerwear company with fully integrated manufacturing unit as per the company management. The company has a market share of over 15% in the branded knitwear market, and has presence in Nepal, Middle East and Gulf countries.
Dollar Industries Ltd., a Kolkata-headquartered hosiery company, got listed on the National Stock Exchange (NSE) on Friday, at Rs 1,314 per share.
The stock saw good amount of buying in the counter even as the stock surged 5 per cent and locked itself in the upper circuit at Rs 1379.70.The counter witnessed volumes of 16,500 shares.
The listing of the company on NSE is expected to provide liquidity to the existing and prospective investors, and bring in more visibility for the company.
The listing advisor to the issue was Hem Securities Ltd.
Dollar Industries Ltd., is the first innerwear company with fully integrated manufacturing unit as per the company management. The company has a market share of over 15% in the branded knitwear market, and has presence in Nepal, Middle East and Gulf countries.
Dollar Industries Ltd., has manufacturing units in Kolkata, Tirupur, Delhi and Ludhiana.