Compact disc maker Euro Multivision today got listed at a discount of 6.66 per cent on the Bombay Stock Exchange over its issue price of Rs 75 per share.
Shares of Euro Multivision opened at Rs 70 on BSE, down by 6.66 per cent over the issu price. On the National Stock Exchange, the stock made its debut at Rs 75.
A total of 22,87,225 shares changed hands on both the bourses in the early trade.
The company has offered 88 lakh shares with an issue price of Rs 75 per share raising around Rs 66 crore through the offer.
The proceeds would be used to raise resources for the company's photovoltaic solar cell manufacturing unit in an SEZ at Bhachau in Gujarat's Kutch district. The company intends to foray into solar energy space.
The plant, being built at a cost of Rs 178.03 crore, will have a capacity of 40 MW per year.
