PNC Infratech shares list at over 2% premium

26 May 2015

Shares of PNC Infratech today listed with a premium of over 2 per cent against the issue price of Rs 378 a share, reported PTI.

The stock debuted at Rs 381, up 0.79 per cent, on BSE. On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.

Currently, the company commands a market valuation of Rs 1,911.22 crore.

In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade.

The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.

The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.

Source: Dion Global Type: IPO Related

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