Its initial public offer (IPO) opened on December 14 and closed on December 19, 2000. The company issued 26.80 lakh equity shares of Rs 10 each. Of these 20.10 lakh shares were offered via book building route, which was 75 per cent of the total issue size, while 25 per cent, being 6.70 lakh equity shares, were reserved under fixed portion. However, it was unusual that the floor price also had been fixed at Rs 10 per share. On BSE, the stock opened its account at Rs 18 against the offer price of Rs 10. During the day, the stock moved to a high of Rs 24 before finally closing at Rs 17.50. Even on the fist day of listing the counter witnessed about 1.5 lakh shares changing hands.

ML, a Chennai-based software solution provider which was established in May 1996 as Orion Plastek Ltd and during the same period the name was subsequently changed into Indus e-solution, has now been demerged with Megasoft Ltd.

The stock opened its account on BSE at Rs 155 and reached a peak of Rs 165 during the day, before finally closing at Rs 160.35. The counter witnessed the volume of just 700 shares.

SIL, which was spun off from Novartis India Ltd to look after its healthcare and agribusiness division, was also listed on the exchange. The stock opened its account at Rs 159 and during the day it reached a low of Rs 100 before finally closing at Rs 112.35. The counter witnessed only 4,654 shares being traded.