Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  Gammon Infra lists at Rs180
BackBack

Gammon Infra lists at Rs180

Gammon Infra lists at Rs180

Premium

Mumbai: Gammon Infrastructure Projects on Thursday got listed with a premium of 7.78% over its issue price of Rs167 on the Bombay Stock Exchange.

The scrip opened at Rs180, with a premium of 7.78% over its issue price of Rs167. It opened at its intra-day high and then slipped to touch a low of Rs149.

The company listed over 14 crore equity shares on the bourses.

At the National Stock Exchange, the scrip opened at Rs170 and touched a high of Rs185.

The scrip was later trading at Rs153.85 on the BSE and Rs152.90 on the NSE at 1018 hrs. Over 9.72 lakh shares changed hands on both the bourses.

The company had raised about Rs276 crore from its initial public offer, which had generated a demand of over three times the shares on offer.

The funds raised through IPO would be utilised for investment in projects and meeting working capital requirements, the company said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 Apr 2008, 11:18 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App