Manjushree Extrusions shares listed in stock exchagnes

Thebullishtrends: Packaging solutions company Manjushree Extrusions shares today listed in stock exchagnes. Shares listed at Rs.48 as against offer price of Rs.45 and the share price went upto Rs.66 in early trade and it is trading at Rs.59.90(+Rs.14.90). Manjushree Extrusions came to the IPO market by follow on public offer of 51,26,100 equity shares of Rs.10 each for cash at a premium of Rs. 35 per share. Manjushree Extrusions provides the packaging solutions by manufactures packaging products to FMCG,Pharma and Food Processing Industries. Investors who got the allotment, it is the better time to book profits from this counter as there will be a chance of down ward in share price.