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Shares of PNC Infratech today listed with a premium of over 2 per cent against the issue price of Rs 378 a share.
The stock debuted at Rs 381, up 0.79 per cent, on the BSE.
On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.
However, later, the stock succumbed to selling pressure and was trading at Rs 373.65, down 1.15 per cent.
Currently, the company commands a market valuation of Rs 1,911.22 crore.
In terms of volume, 6.66 lakh shares of the company changed hands on the BSE, while over 24 lakh shares were traded on the NSE in the morning trade.
The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.
The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.
In the stock market, the BSE benchmark Sensex was trading at 27,583.12, down 58.33 points.
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