Kaveri Seed Company

Kaveri Seed Company, which listed on the bourses Thursday, closed at Rs 226.15, premium of 33 per cent to issue price of Rs 170.

The company listed at Rs 204 on NSE and touched a high of Rs 263 intraday.

On BSE, it opened at Rs 201.15 and moved up to Rs 262 before closing at Rs 226.45.

The total volume on both the exchanges was around 1.8 crore equity shares.

The company is into research, production, processing and marketing of high-quality hybrid seeds for crops like corn, sunflower, cotton, pearl millet, paddy, grain sorghum and has recently forayed into micro-nutrients and bio-products.

Kaveri Seed raised Rs 68 crore through IPO for acquisition of farmland for research and development near Hyderabad, Alwar and Ahmedabad, setting up marketing offices and godowns in Delhi, Lucknow, Jaipur, Ahmedabad and Aurangabad, and a biotechnology lab near Hyderabad