/images/ppid_59c68470-image-178919252751638969.webp)
New Delhi, Sep 15 (PTI) Shares of real estate developer Pranav Constructions Ltd on Tuesday listed with a strong premium of 33 per cent against the issue price of Rs 124.
The stock started trading at Rs 162, registering a jump of 30.64 per cent from the issue price on the BSE.
At the NSE, the stock listed at Rs 165, a premium of 33 per cent.
The company’s market valuation stood at Rs 1,520.97 crore.
Pranav Constructions’ Rs 351-crore IPO was subscribed 121 times on the final day of bidding on Wednesday last week.
The company’s IPO was open for subscription from September 7-9 with a price band of Rs 118-124 per equity share.
Pranav Constructions Ltd had raised Rs 84.24 crore from anchor investors.
The company is a real estate developer focused on the
Municipal Corporation of Greater Mumbai redevelopment segment in Mumbai’s western suburbs. PTI SUM DRR
/images/ppid_59c68470-image-178944754813581107.webp)
/images/ppid_59c68470-image-17894500562421915.webp)
/images/ppid_59c68470-image-178943506995273272.webp)
/images/ppid_59c68470-image-178946259539128034.webp)
/images/ppid_59c68470-image-178945256484691061.webp)