Man Infra hits market with a premium of 33pc
Friday, 12 March 2010
MUMBAI, Mar 11 (PTI): Shares of Man Infraconstruction today hit the floor with a premium of nearly 33 per cent at Rs 335 on the BSE, over its issue price.
After opening firm on the benchmark Bombay Stock Exchange, shares of the Mumbai-based construction firm surged 49 per cent to a high of Rs 374.90, over its issue price of Rs 252 per share.
The company is offering 4.95 crore shares with a face value of Rs 10 each.
Similarly, on the National Stock Exchange the stock opened 26.19 per cent higher at Rs 318.
After opening firm on the benchmark Bombay Stock Exchange, shares of the Mumbai-based construction firm surged 49 per cent to a high of Rs 374.90, over its issue price of Rs 252 per share.
The company is offering 4.95 crore shares with a face value of Rs 10 each.
Similarly, on the National Stock Exchange the stock opened 26.19 per cent higher at Rs 318.