GR Infraprojects makes stellar debut, lists at 103% premium

The stock more-than-doubled to list at Rs 1,700 over its issue price of Rs 837 per share on the BSE

GR Infraprojects made a stellar debut on the bourses as the market value of its equity shares more-than-doubled or rose 103 per cent to list at Rs 1,700 on the BSE in Monday's session against its issue price of Rs 837 per share.

At 10:01 am, the stock was trading at Rs 1,636 after hitting a high of Rs 1,725 post its listing. Around 167,000 equity shares had changed hands on the counter, the exchange data shows.

Rajasthan-based roads and highways construction major raised Rs 963 crore via initial public offer (IPO). The issue witnessed healthy demand from investors as