GR Infraprojects IPO shares debut at Rs 1,700, a 103% premium over IPO price:

GR Infraprojects

GR Infraprojects shares witnessed a strong demand in the secondary market as they listed with a 103 percent premium on July 19.

It was far better than analysts’ expectations considering the company’s healthy orderbook and the government’s increasing focus on infrastructure.

The stock started the first day of trade at Rs 1,700, higher by Rs 863, against issue price of Rs 837 on the BSE.

News Source:- Moneycontrol

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