Mumbai: Parsvnath Developers, pure-play realty major, today got listed at Rs 540 on the Bombay Stock Exchange (BSE) with a premium of 80 per cent over its issue price of Rs 300.
Within a few minutes of trading, the scrip touched a high of Rs 579 on the BSE.
The scrips of Parsvnath got listed at Rs 456.70 on the National Stock Exchange and touched a high of Rs 563 in a few minutes of trading.
The Rs 1,000 crore initial public offer of the company received robust response from investors and was oversubscribed 60 times.
The issue, also saw an overwhelming response in the qualified institutional buyers (QIB) portion, especially from foreign institutional investors (FIIs).
The company comes out with an issue of 18.16 crore equity shares with an issue price of Rs 300 each.
The funds raised from this public offer would be deployed in various ongoing projects across the country.
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