GSS America lists at Rs400 on BSE

GSS America lists at Rs400 on BSE
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First Published: Fri, Mar 07 2008. 12 03 PM IST
Updated: Fri, Mar 07 2008. 12 03 PM IST
PTI
Mumbai: IT solutions company GSS America Infotech got listed at its issue price of Rs 400 on 7 March on the Bombay Stock Exchange.
The scrip opened at Rs400 and touched a high of Rs479 on the BSE.
On the National Stock Exchange the scrip opened at Rs380 and touched a high of Rs540 within minutes of opening.
In terms of volume over 20.26 lakh shares changed hands on both the bourses.
The scrip was later trading at Rs 443.65 on the BSE and Rs 445.20 on the NSE at 10.22 am.
GSS America has listed 1.33 crore shares on the bourses.
The company, which had entered the capital market with a public issue of 34.97 lakh equity shares last month, had raised Rs 140 crore.
It would utilize the issue proceeds for setting up a global delivery centre at Hyderabad and meeting working capital requirement. The firm already has two global delivery centres in the US, besides Hyderabad.
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First Published: Fri, Mar 07 2008. 12 03 PM IST