Shriram EPC share price closed below IPO offer

Thebullishtrends: As we said Shriram EPC share has not rewarded its investors. Shares listed today at Rs.290 in stock exchanges and settled at Rs.293.60. Today the stock touched the high level of Rs.374.70 and lower level of Rs.281.05. The main reason is the price band of this IPO was over priced comapred to its peers. Investors who have already got the allotment it is better for them to watch for the next movement.