Capacit'e Infraprojects soars 60% in market debut

Shares of construction firm

Capacit'e Infraprojects made a smashing debut at bourses

today, surging nearly 60 per cent from the issue price of Rs

250.

The stock listed at Rs 399, reflecting a sharp jump of

59.6 per cent over the issue price on the BSE.

At NSE, it debuted at Rs 399, surging 59.6 per cent.

In terms of equity volume, 26.43 lakh shares of the

company were traded on the BSE and over one crore shares

changed hands at the NSE during the morning trade.

Capacit'e Infraprojects' Rs 400-crore initial public

offer (IPO) received overwhelming response and was

oversubscribed 183.03 times during September 13-15.

The qualified institutional buyer (QIB) portion was

oversubscribed 131.32 times, non-institutional investor a

staggering 638.05 times and retail investor 17.57 times.

The price band for the offer was fixed at Rs 245-250 per

share.

Proceeds of the issue will be utilised for funding

working capital requirements, purchase of capital assets and

general corporate purposes.

Axis Capital, IIFL Holdings and Vivro Financial Services

were the book running lead managers to the issue.

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