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Capacit'e Infra gains 37% on stock market debut; HNIs still lose money

The company's Rs 400-cr offering had seen 180 times more demand than shares on offer

Capacit'e Infraprojects Limited, Rohit Katyal
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Rohit Katyal, Promoter & ED, Capacit'e Infraprojects Limited. Photo: Kamlesh Pednekar

Samie Modak Mumbai
Shares of Capacit'e Infraprojects, a construction firm focused on high-rise residential buildings, gained 37% during their stock market debut on Monday. The stock ended at Rs 342, a rise of Rs 92, or 36.8% over the issue price of Rs 250. The stock had risen as much as 60% to Rs 399 but failed to sustain gains amid weakness in the overall market. The benchmark Sensex had declined as much as 448 points, or 1.4% during intra-day trade on Monday.

Capacit'e’s listing day rally follows huge demand for its shares in the Initial Public Offer (IPO). The company’s Rs 400-crore

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