GR Infraprojects shares list with massive premium; zoom 109 pc at close of trade

Shares of GR Infraprojects made a strong debut in the equity market on Monday, closing the day with a premium of nearly 109 per cent, against the issue price of Rs 837.The stock is listed at Rs 1,700, reflecting a huge jump of 103.10 per cent from the issue price on the BSE.

Shares of GR Infraprojects made a strong debut in the equity market on Monday, closing the day with a premium of nearly 109 per cent, against the issue price of Rs 837.

The stock is listed at Rs 1,700, reflecting a huge jump of 103.10 per cent from the issue price on the BSE. During the day, it zoomed 119.68 per cent to Rs 1,838.80. It closed at Rs 1,746.80, a gain of 108.69 per cent.

On the NSE, it debuted at Rs 1,715.85, a massive gain of 105 per cent. It closed with a jump of 107.64 per cent at Rs 1,737.95.

The company's market valuation was at Rs 16,889.64 crore on the BSE.

In traded volume terms, 7.68 lakh shares were traded at the BSE and over 1.40 crore units at the NSE during the day.

The initial public offer of GR Infraprojects was subscribed a whopping 102.58 times earlier this month.

The IPO was in a price range of Rs 828-837 per share.

The Udaipur-based firm is a leading integrated road engineering, procurement, and construction (EPC) company with experience in the design and construction of various road and highway projects across 15 states in India.

It has recently diversified into projects in the railway sector.