Lotus Eye Listing On Sensex

Lotus Eye Care Hospital listed on Friday at Rs 40 on NSE in a premium of 5.26% of the issue price Rs 38.

However, since the market moving down and the stock also move to a low of Rs 37.80. It touched 40rs as a high and low of 32.50rs in a single day of trading so far. It's been 29,22,041 shares have been traded on the NSE.

On BSE it face more downward trend as the stock opened at 35rs and got an high of 38.45rs and low of 32.05rs.The Lotus Eye Care Hospital is based in south India. The company has raised 38 crore rupees by the share issue. The issue was subscribed 1.18 times.

The company will use the funds to the expansion of its existing finance unit and also to set up an new unit in Chennai and Bangalore. It's presence is only in Tamil Nadu.