Gayatri Projects lists at Rs 333 on BSE
Gayatri Projects Ltd on Tuesday listed at Rs 333 on the Bombay Stock Exchange at a 12.88 per cent premium over its issue price of Rs 295 per share.
By PTI |
MUMBAI: Gayatri Projects Ltd on Tuesday listed at Rs 333 on the Bombay Stock Exchange at a 12.88 per cent premium over its issue price of Rs 295 per share.
The company had entered the capital market with an initial public offer of 29 lakh equity shares of Rs 10 each for cash at a premium and the price band for the issue had been fixed between Rs 275 and Rs 295.
The issue had been oversubscribed 5.68 times and Allianz Securities and IL&FS Investsmart were the book running lead managers to the offer.
Gayatri Projects is engaged in execution of major civil works including roads and highways, irrigation canals, concrete/masonry dams and ports.
The company had entered the capital market with an initial public offer of 29 lakh equity shares of Rs 10 each for cash at a premium and the price band for the issue had been fixed between Rs 275 and Rs 295.
The issue had been oversubscribed 5.68 times and Allianz Securities and IL&FS Investsmart were the book running lead managers to the offer.
Gayatri Projects is engaged in execution of major civil works including roads and highways, irrigation canals, concrete/masonry dams and ports.
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