Texmo Pipes listed at Rs 93 on the NSE, and zoomed to a high of Rs 127. The scrip is now trading at Rs 124, a premium of 38% over its issue price of Rs 90 per share.
The counter has seen volumes of 5.43 million shares on the NSE so far.
The Initial Public Offer of Texmo Pipes amd Products Limited received a good response as it got subscribed 7.41 times
The company is into manufacturing of different range of PVC and HDPE pipes viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.