Shares of Bharat Road Network made a sluggish debut on stock markets today, with the stock listing marginally down compared to the issue price of Rs 205.

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The scrip listed at Rs 204.90, down 0.04 from the issue price on BSE. It later touched a high of Rs 218.65 and a low of Rs 196.50.

At NSE, shares of the company debuted flat at Rs 205.

The IPO of Bharat Road Network, a Srei Infrastructure Finance company, was oversubscribed 1.81 times during September 6-8.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 1.33 times, non-institutional investors 1.63 times and retail individual investors 5.69 times.

Bharat Road Network's over Rs 600 crore IPO had a price band of Rs 195-205 per share.

Inga Capital, Investec Capital Services and Srei Capital Markets managed the company's IPO.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)