Bharat Road Network gains 1% vs issue price after listing flat at Rs 205

On the BSE, the stock hit an intraday low of Rs 196.50

Bharat Road Network Limited (BRNL) made a flat debut on the bourses by listing at Rs 204.90 on the BSE, against its initial public offer (IPO) price of Rs 205 per share. On NSE, BRNL listed right at its issue price of Rs 205. 

The stock recovered by over 6% to Rs 218.65 against its issue price after hitting an intraday low of Rs 196.50 on the BSE in early trade. It settled at Rs 208, up 1.5% against its IPO price.  

The company had raised Rs 600 crore though IPO, which was over-subscribed 1.81 times. The IPO received