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