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Mumbai, March 13 Kerala-based electrical equipment maker V Guard Ltd on Thursday made its debut at a premium of 9.7 per cent against the issue price of Rs 82 on the NSE.

The company’s shares touched an intraday high of Rs 98.95 and a low of Rs 72.60 before closing the day at Rs 75.95.

On the BSE too the scrip opened at a premium of 0.18 per cent at Rs 82.15. The shares touched an intraday high of Rs 98.90 and a low of Rs 70.70. When trading closed for the day, the share price stood at Rs 73.45.

The company’s recent IPO was subscribed a total of 2.7 times across the price band. Capital raised from the issue will be used to set up cable manufacturing facilities in Coimbatore and Uttarakhand.

More Stories on : IPOs | Electrical Goods

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