Garuda Construction shares surge over 12 pc in market debut
Shares of Garuda Construction and Engineering Ltd on Tuesday jumped over 12 per cent in market debut trade against the issue price of Rs 95. The stock listed at Rs 103.20, registering a jump of 8.63 per cent from the issue price on the BSE. During the day, it surged 27.08 per cent to Rs 120.73. Shares of the firm ended at Rs 106.83, rising 12.45 per cent.
At the NSE, shares of the firm made the debut at Rs 105, up 10.52 per cent. The stock soared 27.35 per cent to Rs 120.99 during the day. It later ended at Rs 105.
The company's market valuation stood at Rs 993.96 crore.
In traded volume terms, 32.50 lakh shares of the firm were traded at the BSE and 460.93 lakh shares on the NSE during the day.
The initial public offering (IPO) of Garuda Construction and Engineering received 7.55 times subscription on the final day of the share sale on Thursday.
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