Man Infra makes a sizzling debut

Man Infraconstruction opened at Rs 318 and is now trading at a 47% premium of Rs 370 on its first day of listing at the NSE.

The company had priced its initial public offer at Rs 252 a share, at the top end of the Rs 243-252 price band. The shares of the company will list on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company plans to use the money from the IPO for the purchase of capital equipment and other corporate general purposes.

The company is engaged in providing construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.