Mumbai: Aishwarya Telecom Ltd listed at a premium of 43.14% over its issue price of Rs35, on 7 May on the Bombay Stock Exchange.
The scrip opened at Rs50.10 and touched an intra-day high of Rs75.25 within minutes of opening.
The company listed over 1.06 crore shares on the bourse.
The shares later parted with some gains and was trading at Rs71.20 at 1005 hours. Over 36.42 lakh shares changed hands on the BSE.
The company, engaged in manufacturing fibre optic test equipments and cable fault locators, had raised about Rs14 crore through its initial public offer.
Aishwarya Telecom’s future plans include joint ventures with leading fibre optic and electronic test equipment manufacturers to export ATL products to other countries, as per information available on the company website.