Mumbai, May 23 (PTI) Shares of Sanghvi Forging & Engineering got listed on the NSE today at a premium of over 3 per cent vis-a-vis their issue price of Rs 85 apiece.
Shares of the company opened at Rs 88 apiece, reflecting a jump of 3.52 per cent over the issue price on the National Stock Exchange (NSE). Later, the stock was trading at Rs 89.90 apiece, up 5.76 per cent from the issue price.
On the Bombay Stock Exchange, the scrip debuted at Rs 85 and was later quoting at Rs 90.10.
In terms of volume, over one crore shares of the company changed hands on the bourses in early trade.
The company had entered the capital market through a Rs 36.9 crore initial public offer with a price band of Rs 80-85 per share.