New Listings on Friday.

Friday will be another big day in terms of new listings on the bourses. Three new companies will make their stock market debut. These are Idea Cellular, Euro Ceramics and Mudra Lifestyle. Its a given that Idea will have a strong listing. But, one cannot say the same about the other two new entrants going by the current trend.

Of late, we've seen that companies with relatively unknown background and management have been battered on the listing day while those with strong operation and financial track record coupled with high-quality management have been greeted with cheers.

This trend was visible on Wednesday, when MindTree, Oriental Trimex, Evinix Accessories and Broadcast Initiatives started trading on the stock exchanges. While MindTree shares surged ahead, the other three fell well below their issue price.

If one goes by this trend, then Idea shares are sure to climb tomorrow while that of Euro Ceramics and Mudra Lifestyle could be in for a tough listing day.

Idea Cellular, an Aditya Birla Group company fixed the issue price at Rs75 per share. The company entered capital market with an initial public offering, IPO, aggregating Rs 21,250 million, of equity shares of Rs 10 each and its issue oversubscribed 49.51 times.

Mudra Lifestyle IPO was subscribed 4.59 times and the company fixed the issue price at Rs90 per share. Euro Ceramics issue was subscribed 3.02 times. The company issued shares for Rs.165 per share.