The stock closed at Rs 272.10, an over twofold jump from the IPO price on BSE. The stock listed at Rs 259.15 earlier in the day.
At NSE, shares of the company settled at Rs 262.50.
On the volume front, 10.91 lakh shares of the company were traded on BSE and over 7 lakh shares changed hands on NSE during the day.
The initial public offer of Salasar Techno Engineering was oversubscribed a staggering 272.93 times earlier this month.
Proceeds from the issue will be utilised for meeting working capital requirements and general corporate purposes.
Rajasthan-based Salasar Techno provides customised steel fabrication solutions in the domestic market.
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