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Indorama Polymers stock dips 6 percent on debut.

Bangkok Post (Bangkok, Thailand)

| August 03, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Ploy Chitsomboon

Aug. 3--Indorama Polymers Plc (IRP) made its debut on the Stock Exchange of Thailand yesterday as investors took 6.13 percent off the value of the initial public offering share price of 3.75 baht despite the overall market gain.

The stock opened at 4.10 baht and reached a high at 4.14 baht, before falling to close at 3.52 baht. Total trade for the day was 1.48 billion baht.

Aloke Lohia, chief executive of IRP, said he was pleased just the same since there was strong demand during the bookbuilding process and the subscription.

Although the prices of IRP shares were weak, analysts said, prospects for the world's ...

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Source: HighBeam Research, Indorama Polymers stock dips 6 percent on debut.