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Mumbai , Nov. 22

The shares of Shivam Autotech made its debut at Rs 171.10 on the BSE. The share price touched an intra-day high of Rs 281 and low of Rs 161. The shares ended at Rs 257.10. The shares got listed in the B1 category on the BSE. The company was incorporated after the demerger of the Binola Unit of Munjal Auto Industries Ltd (MAIL), which is engaged in manufacturing gearbox components involving forging and machining. Post the demerger, the company had allotted one equity share of Rs 10 each for every 2 equity shares of Rs 10 each, held in MAIL.

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