RPP Infra Projects IPO : Settled at 8% down on debut

by khalid on 06/12/2010 · 0 comments

RPP Infra Projects Limited’s shares got debuted at Rs 75.00, exactly at the isue price of its initial public offering (IPO) price of Rs 75.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 68.90 which is a discount of 8.00% over the issue price of Rs 75.00. The stock hit a high of Rs. 80.50 and low of Rs. 67.20 on the listing day 6th Dec 2010. A total of 29,407,319 shares changed hands on the NSE. South based construction company RPP Infra Projects Limited is in the business of infrastructure development such as Highways, Roads and Bridges. Company is also involve in civil work like SEZ Development, Water Management projects, Irrigation and Power Projects.

Listing day Summary :-
Listing Date: 6th Dec 2010
BSE Scrip Code : 533284
Listing In : ‘B’ Group of Securities
ISIN : INE324L01013
Issue Price : Rs. 75.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 75.00
Open : 75.00
High : 80.50
Low : 67.20
Close : 68.90
Last Trade : 68.90

RPP Infra Projects Limited has raised Rs 48.75 Crore through an initial public offering of 6,500,000 equity shares.

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