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Salasar Techno makes stellar debut; lists at 140% premium against IPO price

At 11:03 am; the stock was trading at Rs 271, up 150% against its IPO price of Rs 108 per share.

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SI Reporter Mumbai

Salasar Techno Engineering has made a stellar debut by listing at Rs 259, a 140% premium against its initial public offer (IPO) price of Rs 108 on BSE (Bombay Stock Exchange).

At 11:03 am; the stock was trading at Rs 271, after hitting high of Rs 272 on BSE. It touched a low of Rs 250 in intra-day trade so far. Around 938,000 equity shares changed hands on the counter, the BSE data shows.

Salasar Techno Engineering’s Rs 36 crore IPO had received a robust response from the investors with the issue getting subscribed 270 times with