Omaxe lists at 32% premium

Real estate development and construction company Omaxe listed on the National Stock Exchange (NSE) at Rs 410 - a 32.25% premium to its issue price of Rs 310 per share.

Positive market sentiment saw heavy buying interest at the Omaxe counter.

The scrip hit a high of Rs 448 with total traded volume of close to 85 lakh shares. The scrip touched a low of Rs 372. At 1025 hrs, Omaxe was trading at Rs 375.

The realty firm had come out with an initial public offering (IPO) of nearly 17.8 million equity shares in a price band of Rs 265 to Rs 310 a share. The issue was subscribed 68 times.