Ankit Metal lists at 5% premium on BSE

Kolkata-based steel manufacturer Ankit Metal and Power was listed at Rs 37.90 on the Bombay Stock Exchange (BSE) - a premium of 5% to the offer price of Rs 36 per share. The stock touched a high of Rs 38.40 and a low of Rs 36.50 in morning trades.

The company had entered the capital market with an initial public offering of 1.19 crore equity shares, and had raised funds mainly to part-finance an integrated steel plant in Bankura, West Bengal.