Vascon Engineers slips below issue price
Vascon Engineers listed with premium on the bourses but slipped below the issue price due to choppy market conditions.
By ET Bureau |
MUMBAI: Vascon Engineers listed with premium on the bourses but slipped below the issue price due to choppy market conditions.
At 10:13 am, the scrip was at Rs 147.30, down Rs 17.70 or 10.73 per cent on the NSE. It touched a high of Rs 171.95 and low of Rs 147.30.
It listed at Rs 171.95, up Rs 6.95 or 4.21 per cent on the NSE against issue price of Rs 165.
Vascon Engineers is Pune based engineering, procurement and construction services and realty company. As of December 31, 2009, Vascon has completed 181 EPC contracts valuing Rs 889 crore, out of which 157 EPC contracts representing 75 per cent of the total value were for third parties, and the remaining for its own projects.
At 10:13 am, the scrip was at Rs 147.30, down Rs 17.70 or 10.73 per cent on the NSE. It touched a high of Rs 171.95 and low of Rs 147.30.
It listed at Rs 171.95, up Rs 6.95 or 4.21 per cent on the NSE against issue price of Rs 165.
Vascon Engineers is Pune based engineering, procurement and construction services and realty company. As of December 31, 2009, Vascon has completed 181 EPC contracts valuing Rs 889 crore, out of which 157 EPC contracts representing 75 per cent of the total value were for third parties, and the remaining for its own projects.
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