The Hindu Business Line : GVK lists at 13% premium on BSE

Shares of GVK Power & Infrastructure Ltd made their debut on the stock exchanges on Monday. On the BSE the stock listed at a premium of about 13 per cent at Rs 350 compared to the issue price of Rs 310. On the NSE, it debut at a higher premium of 21.29 per cent at Rs 376.

However, the share prices lost early gains and closed at Rs 315.55 on BSE. Over 1.03 crore shares were traded on the exchange. On NSE, the shares closed at Rs 311.30 with over 1.64 crore shares changing hands.

The Delhi-headquartered company raised Rs 256.54 crore through the initial public offering, which was subscribed by 26 times. The company sold 82.76 lakh shares through the IPO. The funds were raised mainly for the setting up of 464-megawatt power project in Andhra Pradesh.

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