Shares of construction firm Capacit'e Infraprojects made a smashing debut at the bourses today and ended with a sharp gain of 37 per cent from the issue price of Rs 250.
The stock listed at Rs 399, a premium of 59.6 per cent over the issue price on BSE. It later ended at Rs 342.40, up 36.96 per cent.
On NSE, shares of the company debuted at Rs 399, a surge of 59.6 per cent against the issue price and finally closed the day with a gain of 37.02 per cent at Rs 342.55.
The company's market valuation stands at Rs 2,324.60 crore.
In terms of equity volume, 34.42 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
Capacit'e Infraprojects' Rs 400-crore initial public offer (IPO) received overwhelming response and was oversubscribed 183.03 times during September 13-15.
The qualified institutional buyer (QIB) portion was oversubscribed 131.32 times, non-institutional investor a staggering 638.05 times and retail investor 17.57 times.
The price band for the offer was fixed at Rs 245-250 per share.
Proceeds of the issue will be utilised for funding working capital requirements, purchase of capital assets and general corporate purposes.
Axis Capital, IIFL Holdings and Vivro Financial Services were the book running lead managers to the issue.
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