Hariom Pipes makes strong debut; zooms 46% against issue price

The stock was locked in the upper circuit at Rs 224.70, up 46% against its issue price of Rs 153 per share on the BSE

Hariom Pipes made a strong market debut with equity shares of the company getting listed at Rs 214, a 40 per cent premium against its issue price of Rs 153 per share, on the BSE on Wednesday. At 11:51 AM, the stock was locked at maximum upper limit of the day at Rs 224.70, up 46 per cent against its issue price.

A combined 4.1 million equity shares had changed hands and there are pending buy orders for 430,000 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.02 per cent at 58,563 points.