Shares of infrastructure firm Salasar Techno Engineering made a stellar debut at the bourses today with over twofold increase from its issue price of Rs 108.
The stock listed at Rs 259.15, a sharp gain of over twofold on BSE.
At NSE, shares of the company opened at Rs 250.
The initial public offer of Salasar Techno Engineering was oversubscribed a staggering 272.93 times earlier this month.
The IPO was of 33.21 lakh equity shares at a price of Rs 108 per equity share aggregating to Rs 35.86 crore.
Proceeds from the issue will be utilised for meeting working capital requirements and general corporate purposes.
Rajasthan-based Salasar Techno provides customised steel fabrication solutions in the domestic market.
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