Technofab Engineering today listed at a premium of 10.41 per cent over its issue price on the Bombay Stock Exchange.
The stock opened at Rs 265, up 10.41 per cent, against the issue price of Rs 240 a share. Within minutes, the scrip touched a high of Rs 297, up 12 per cent from its opening price.
Technofab opened firm on the National Stock Exchange and was trading at Rs 294.20, up 22.58 per cent.
The BSE benchmark Sensex was quoting at 17,925.26, up by 15.80 points.
On the volume front, over 73 lakh shares of the company changed hands on the two bourses in early trade.
Engineering firm Technofab had entered the primary market on June 29 with an issue of 29.90 lakh shares of Rs 10 each at a price band of Rs 230 to Rs 240 a share. It has raised Rs 71.76 crore through the IPO.
