About 33 lakh shares - more than 4% of total traded volume of 7.9 crore shares - of Timbor Home were gone for delivery on Wednesday - first day of trade on exchanges. A share rallied 45% yesterday, to close at Rs 91.50 on the NSE as against issue price of Rs 63.
Total delivered volume (33 lakh shares) was 5.5 times of total outstanding shares of company and 10 times of its free-float.
The stock has witnessed 213 bulk deals on exchanges yesterday. Shares of a manufacturer and retailer of solid wood furniture, modular kitchens and doors touched a high of Rs 99 during the day.
Only Credo India Thematic Fund - amid shareholders holding above 1% - sold 91,688 shares at Rs 80.15 a share. Earlier, tt was holding 3.5 lakh shares of the company.
Jagdish Patel holds 5 lakh shares, Brand Equity Traders 3.4 lakh shares, Writers and Publishers 2.78 lakh shares and Invest Professionals holds 7.14 lakh shares of Timbore Home.
However, Albula Investment Fund bought 1.5 lakh shares of company at Rs 91.80.
After the basis of allotment, three FIIs were holding 11.55 lakh shares (about 31.3% of issue size), 5955 retail investors 16.4 lakh (44% of issue size) and 14 retail investors 9.9 lakh shares (27% of issue).
(With inputs from CNBC-TV18)
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