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Our Bureau

Mumbai , April 25

Shares of Godawari Power and Ispat Ltd were listed on BSE at a premium of 11.41 per cent at Rs 90.25, compared to the issue price of Rs 81 per share. On the NSE, the shares were listed at 17 per cent premium at Rs 95.

The Chhattisgarh-based company, which manufactures steel rods and pipes, had raised over Rs 70 crore through its recent IPO.

On a weak market, the Godawari shares rose to the day's high of Rs 136, before closing at Rs 103.15, a premium of 27.35 per cent over the issue price on the BSE. On the NSE too, the shares closed at Rs 103.15.

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