Technofab Engineering surges on listing
Shares of Technofab Engineering had a stellar listing on the bourses even as the market is witnessing choppy trade.
By ET Bureau |
MUMBAI: Shares of Technofab Engineering had a stellar listing on the bourses even as the market is witnessing choppy trade.
The scrip listed at Rs 276 per share, up 15 per cent against issue price of Rs 240. At 11:25 am, it was at Rs 294.60, up Rs 54.60 or 22.75 per cent on the NSE. It touched intraday high of Rs 301.45 and low of Rs 268.
On the BSE, the stock was at Rs 296, up Rs 56 or 23.33 per cent. It touched a high of Rs 300.70 and low of Rs 265 in trade so far.
The company raised over Rs 71 crore from the primary market for long-term working capital and procurement of construction equipments.
Technofab Engineering is an Engineering Procurement and Construction company. It executes Balance-of-Plant and electro-mechanical projects on a complete turnkey basis.
The scrip listed at Rs 276 per share, up 15 per cent against issue price of Rs 240. At 11:25 am, it was at Rs 294.60, up Rs 54.60 or 22.75 per cent on the NSE. It touched intraday high of Rs 301.45 and low of Rs 268.
On the BSE, the stock was at Rs 296, up Rs 56 or 23.33 per cent. It touched a high of Rs 300.70 and low of Rs 265 in trade so far.
The company raised over Rs 71 crore from the primary market for long-term working capital and procurement of construction equipments.
Technofab Engineering is an Engineering Procurement and Construction company. It executes Balance-of-Plant and electro-mechanical projects on a complete turnkey basis.
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