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Bharat Road Network shares end nearly 2% up after flat listing

At NSE, shares of the company gained 1.68% to end at Rs 208.45

Press Trust of India  |  New Delhi 

Bharat Road Network shares end nearly 2% up after flat listing

of ended nearly 2 per cent higher in its debut trading session today against the issue price of Rs 205.

In a sluggish debut, the stock listed at Rs 204.90, down 0.04 per cent from the issue price on It, however, managed to end the day 1.53 per cent higher at Rs 208.15. In intra-day, it touched a high of Rs 218.65 and a low of Rs 196.50.


At NSE, of the company gained 1.68 per cent to end at Rs 208.45.

The company's market valuation stands at Rs 1,747.42 crore.

In terms of equity volume, 51.05 lakh of the company were traded on and over 3 crore changed hands at during the day.

The of Bharat Road Network, a Srei Infrastructure Finance company, was oversubscribed 1.81 times during September 6-8.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 1.33 times, non-institutional investors 1.63 times and retail individual investors 5.69 times.

Bharat Road Network's over Rs 600 crore had a price band of Rs 195-205 per share.

Inga Capital, Investec Capital Services and Srei Capital managed the company's

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, September 18 2017. 17:02 IST
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