Shares of Salasar Techno Engineering settled at Rs 272.10 on BSE, a 151.94% premium over its initial public offer price of Rs 108 on its debut today, 25 July 2017.
Meanwhile, the S&P BSE Sensex dropped 17.60 points or 0.05% at 32,228.27.
The stock debuted at Rs 259.15, a premium of 139.95% over its issue price of Rs 108 per share. The stock was locked at a high of Rs 272.10. The stock had hit a low of Rs 250. On the BSE, 10.91 lakh shares were traded on the counter.
Shares of Salasar Techno Engineering were listed and admitted to dealings today, 25 July 2017 on the BSE in 'T' group. The initial public offer (IPO) of Salasar Techno Engineering had received bids for 90.67 crore shares. The IPO was subscribed 273.05 times. The IPO opened for bidding on 12 July 2017 and closed on 17 July 2017. The IPO price was fixed at Rs 108 per share.
On a consolidated basis, Salasar Techno Engineering reported profit after tax of Rs 18.37 crore on net sales of Rs 372.96 crore in the year ended March 2017.
Salasar Techno Engineering is a leading provider of steel solutions in India with global operations spread throughout Asia and Africa.
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