Metal products maker Manaksia got listed at Rs 200 on the Bombay Stock Exchange (BSE) with a premium of 25% over its issue price of Rs 160.
Within minutes of listing the scrip of the company touched a high of Rs 248.70 and over 2 million shares exchanged hands on BSE. The scrip was last trading at Rs 185, up Rs 25, or 15.62%. (09.59 a.m., Tuesday)
On the National Stock Exchange (NSE), the company got listed at Rs 175.30 and hit a high of Rs 212. Here over 3.3 million shares were traded. The scrip was trading up Rs 190.90, up Rs 30.90, or 19.31%. (09.59 a.m., Tuesday)
The Kolkata-based company`s initial public offering (IPO) had received 8.98 times subscription.
Manakisa had put on offer 15.5 million equity shares of Rs 2 each at a price band between Rs 140 and Rs 160 per equity share. The issue price was fixed at Rs 160 a share.
The company is a manufacturer of metal packaging products and metal products. Its metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers.
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