GR Infraprojects share worth: Shares of GR Infraprojects made a powerful debut on the inventory exchanges in the present day itemizing at 105 per cent greater than their concern worth.
The scrip received listed at Rs 1,715.85 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 105 per cent from its provide worth of Rs 837. On the BSE, it opened at Rs 1,700.00, up 103.11 per cent from the problem worth.
The inventory continued its preliminary momentum hitting a excessive Rs 1,734.60 on BSE and Rs 1,732.25 on the NSE throughout the early minutes of commerce on the primary day, nonetheless, it slowly gave up a few of its preliminary positive aspects and touched an intraday low of Rs 1,550.00 on each NSE and BSE up to now within the day.
At 11:25 am, the scrip was buying and selling at Rs 1703.35 on the BSE, up 103.51 per cent from the problem worth whereas on NSE it was at Rs 1,701.65.
Over 91 lakh shares of G R Infraprojects had been traded on the NSE throughout the first 90 minutes of commerce, whereas over 5.18 lakh shares exchanged arms on the BSE, knowledge from the respective inventory exchanges confirmed.
The Rs 963 crore IPO of GR Infraprojects met a sturdy demand throughout its provide interval from July 7-9. The concern was oversubscribed 102.58 instances.
The Udaipur-based firm is a number one built-in street engineering, procurement and development (EPC) firm with expertise within the design and development of varied street and freeway initiatives throughout 15 states in India. It has not too long ago diversified into initiatives within the railway sector.
