PNC Infratech shares list at over 2% premium

The IPO of the Agra-based company was subscribed 1.54 times earlier this month

(from left to right): D K Maheshwari (AVP, PNC), Yogesh K Jain (MD, PNC), Pradeep Kumar Jain (CMD, PNC), Chakresh K Jain (MD, PNC), Naveen K. Jain (Director) and Anil K. Rao (Director, PNC) at the listing ceremony of PNC Infratech Ltd. at NSE
Press Trust of India Mumbai
Last Updated : May 26 2015 | 3:52 PM IST
Shares of PNC Infratech today listed with a premium of over 2 per cent against the issue price of Rs 378 a share.

The stock debuted at Rs 381, up 0.79 per cent, on BSE.

On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.

However, later, the stock succumbed to selling pressure and was trading at Rs 373.65, down 1.15 per cent.

Currently, the company commands a market valuation of Rs 1,911.22 crore.

In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade.

The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.

The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.

In the stock market, the BSE benchmark Sensex was trading at 27,583.12, down 58.33 points.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 26 2015 | 12:28 PM IST

Next Story