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PNC Infratech shares fall below issue price in market debut

On the Bombay Stock Exchange (BSE), it opened the day at Rs 381. At 10.40 am, it was trading at Rs 374.50 on BSE and at Rs 376 on the NSE.

BT Online Bureau   New Delhi     Last Updated: May 26, 2015  | 17:08 IST
PNC Infratech shares fall below issue price in market debut

Shares of PNC Infratech , which got listed on bourses, on Tuesday, opened at Rs 387 on the National Stock Exchange (NSE), a premium of 2.38 per cent against its issue price of Rs 378.

On the Bombay Stock Exchange (BSE), it opened the day at Rs 381. PNC Infratech shares closed at Rs 360.20 on BSE and at Rs 361 on the NSE.

According to the information available on the BSE, the equity shares of PNC Infratech are listed and admitted to dealings on the exchange in the list of 'B' Group Securities.

The issue opened on May 8 and closed on May 12, the company has raised Rs 480 crore at Rs 378 per share.

PNC Infratech is an Agra-based integrated infrastructure player is engaged into development, construction and management of infrastructure projects. The company executes the projects under EPC, BOT, item rate basis and OMT mode.

As on 26 April 2015, PNC had completed 42 infrastructure projects, mainly through EPC mode across the country.

 

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