BSE includes PNC Infratech on S&P IPO index

Leading stock exchange BSE has included Agra-based PNC Infratech in the S&P IPO index on account of its listing on the exchange today.
"PNC Infratech Ltd is a new listing on the BSE with a float market capitalisation greater than Rs 100 crore, which necessitates its inclusion in the index," BSE said in a statement today.
At the same time, bourse would exclude Repco Home Finance Ltd from S&P IPO index with effect from May 28, as the firm has completed two years in the index.
Shares of PNC Infratech settled at a loss of nearly 5 per cent against the issue price of Rs 378 apiece on the first day of trade today.

After debuting at Rs 381, a gain of 0.79 per cent compared with the issue price, the stock later succumbed to profit-booking and finally ended at Rs 360.20, down 4.7 per cent on the BSE.
The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.
S&P BSE IPO index tracks the current primary market conditions in the country and measures the growth in investor's wealth within a period of two years after listing of a company subsequent to successful completion of IPO.