The scrip listed at Rs 204.90, down 0.04 from the issue price on BSE. It later touched a high of Rs 218.65 and a low of Rs 196.50.
At NSE, shares of the company debuted flat at Rs 205.
The IPO 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.
Inga Capital, Investec Capital Services and Srei Capital Markets managed the company's IPO.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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