Mumbai: Shares of telecoms infrastructure services provider Nu Tek India Ltd listed at Rs201.10 on the BSE on Wednesday, a 4.7% premium over its issue price of Rs192 each.
The companies shares were trading at Rs208 today morning, after hitting a high of Rs225 on the BSE.
Nu Tek raised Rs864 million through its offer of 4.5 million shares via a book-built issue, which opened on 29 July closed on 1 August. The issue was subscribed 1.63 times.
The firm will use the funds for overseas acquisitions and capital expenditure, it had said in its offer document.
The company offers all services related to design, installation, construction, operation and maintenance of telecom networks.