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Maytas Infra ends at Rs 614 against IPO price of Rs 370

Our Bureau

Mumbai, Oct. 25 Maytas Infrastructure Ltd, a construction and infrastructure development company, made its debut on the BSE at a premium of 29.7 per cent at Rs 480 against the issue price of Rs 370, whereas on the NSE it was listed at a premium of 39.39 per cent at Rs 515.75.

The stock witnessed a high of Rs 637.70, a low of Rs 480 before closing at Rs 614.30, while on the NSE it went to a high of Rs 642, a low of Rs 515 and finally closed at Rs 613.35.

The total shares traded on the BSE and the NSE are 72,90,850 shares and 1,35,08,756 shares respectively.

With the proceeds from the issue, the company plans to invest in associate companies, purchase construction equipment, undertake other project related investments, for general corporate purposes, and to meet the issue expenses.

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Maytas Infra ends at Rs 614 against IPO price of Rs 370


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