Maytas Infra lists on BSE at 29 pc premium
Infrastructure development firm Maytas Infra listed on the BSE at a premium of 29.7 per cent of its issue price of Rs 370.
By PTI |
MUMBAI: Infrastructure development firm Maytas Infra on Thursday listed on the BSE at a premium of 29.7 per cent of its issue price of Rs 370.
The scrip opened at Rs 480 on the exchange and touched an intra-day high of Rs 604 on the BSE. The stock was trading at Rs 573.10 in the morning trade.
The company has listed about 5.88 crore equity shares on the stock exchanges at an issue price of Rs 370 per share.
Maytas Infra had received robust response for its Initial Public Offering of 88.50 lakh shares which got subscribed 68 times.
The company would use the Rs 327.4 crore proceeds for various built-operate-transfer (BOT) projects.
Maytas Infra intends to deploy the issue proceeds for the development of Bangalore-Hosur elevated Expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.
The scrip opened at Rs 480 on the exchange and touched an intra-day high of Rs 604 on the BSE. The stock was trading at Rs 573.10 in the morning trade.
The company has listed about 5.88 crore equity shares on the stock exchanges at an issue price of Rs 370 per share.
Maytas Infra had received robust response for its Initial Public Offering of 88.50 lakh shares which got subscribed 68 times.
The company would use the Rs 327.4 crore proceeds for various built-operate-transfer (BOT) projects.
Maytas Infra intends to deploy the issue proceeds for the development of Bangalore-Hosur elevated Expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.
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