India: Fragrances maker SH Kelkar shares surges 23.33% on listing debut

India: Fragrances maker SH Kelkar shares surges 23.33% on listing debut

Visual from SH Kelkar website

Shares of fragrance and flavours manufacturer SH Kelkar and Co. Ltd on Monday opened 23.33% above the issue price of Rs.180, following a successful initial public offering (IPO) which witnessed a subscription of 27 times.

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