 "IPO")
Shares of MTAR Technologies gained as much as 100 per cent on its stock market debut on Monday. The stock touched a high of Rs 1,155 apiece and a low of Rs 1,040 on the NSE, where Rs 1,638 crore worth of shares changed hands. It ended the session at Rs 1,078, with an 87 per cent gain over the issue price of Rs 575.
At the closing price, MTAR had a market capitalisation of Rs 3,317 crore. The strong listing follows a blockbuster initial public offering (IPO), where demand had exceeded supply by 200 times.
After Monday’s sharp run-up, analysts said
