A2Z Maintenance & Engineering IPO : Settled at 17.81% discount on debut

by khalid on 23/12/2010 · 0 comments

A2Z Maintenance & Engineering Limited shares got debuted at Rs 500.00, a nice 25.00% premium over its initial public offering (IPO) price of Rs 400.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 328.55 which is a discount of 17.81% over the issue price of Rs 400.00. The stock hit a high of Rs. 500.00 and low of Rs. 318.60 on the listing day 23rd Dec 2010. A total of 30,723,793 shares changed hands on the NSE. MOIL Limited is a public sector undertaking (PSU) and miniratna company of the Indian Government. A2Z Maintenance & Engineering Services is a Gurgaon-based engineering and construction company. Started in 2002 as a facility management services company, A2Z has evolved into an engineering, procurement and construction services provider to the power transmission and distribution companies.

Listing day Summary :-
Listing Date: 23rd December 2010
BSE Scrip Code : 533292
NSE Symbol : A2ZMES
Listing In : ‘B’ Group of Securities
ISIN : INE619I01012
Issue Price : Rs. 400.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 400.00
Open : 500.00
High : 500.00
Low : 318.60
Close : 328.55
Last Trade : 328.55

A2Z Maintenance & Engineering Limited has raised Rs 675.00 crore through an initial public offering of 16,875,000 equity shares.

Stay tuned to BelltheBull Blog for more news on A2Z Maintenance & Engineering IPO !

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