BackGSS America lists at Rs400 on BSE
GSS America lists at Rs400 on BSE
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PTI
Mumbai: IT solutions company GSS America Infotech got listed at its issue price of ₹ 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 ₹ 443.65 on the BSE and ₹ 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 ₹ 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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