MBL Infrastructures touched a high of Rs 218 and a low of Rs 190. It finally ended near its high at Rs 206 - with 14% gain over its issue price of Rs 180.
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(Updated at 0908 hrs)
MBL Infrastructures listed at Rs 190 as against the issue price of Rs 180.
The company has raised Rs 102 crore via a public issue of 57 lakh shares between November 27 and December 1. The IPO was in the price band of Rs 165 to Rs 180, and the issue was priced at Rs 180.
The stock touched a high of Rs 218, up almost 18% compared to the issue price. The stock is now trading at Rs 201, and seen trades of around 743,437 shares in the first few minutes on the BSE.
The company intends to utilise the IPO proceeds to part finance capital equipments and working capital requirements.
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