Salasar Techno Engineering Ltd
Salasar Techno Engineering lists at 140% premium to issue price
NEW DELHI: Salasar Techno Engineering on Tuesday made a stellar debut, as the stock got listed at Rs 259.15 on BSE, a 139.95 per cent premium to its issue price of Rs 108 per share.
The stock has been admitted to dealings on the exchange in the list of ‘T’ group of securities.
The company, which is into steel fabrication and infrastructure solutions, had received a huge response for its IPO, with the issue getting 273 times subscription.
The issue comprised of 33.21 lakh equity shares at a price of Rs 108 per equity share, aggregating to Rs 35.86 crore. Proceeds from the issue will be utilised for meeting working capital requirements and general corporate purposes.
Courtesy: See More @ http://bit.ly/2vr8qnF
NEW DELHI: Salasar Techno Engineering on Tuesday made a stellar debut, as the stock got listed at Rs 259.15 on BSE, a 139.95 per cent premium to its issue price of Rs 108 per share.
The stock has been admitted to dealings on the exchange in the list of ‘T’ group of securities.
The company, which is into steel fabrication and infrastructure solutions, had received a huge response for its IPO, with the issue getting 273 times subscription.
The issue comprised of 33.21 lakh equity shares at a price of Rs 108 per equity share, aggregating to Rs 35.86 crore. Proceeds from the issue will be utilised for meeting working capital requirements and general corporate purposes.
Courtesy: See More @ http://bit.ly/2vr8qnF
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