The share price of Manglam Infra and Engineering, which had a spectacular debut on the stock exchange on Wednesday, hit a 5% upper circuit. Manglam Infra and Engineering shares were listed on NSE SME for ₹106.40 each, a 90% premium over the issue price of ₹56 per share.
Following the Manglam Infra and Engineering IPO listing, the price soared and reached a 5% upper circuit limit of ₹111.70 per share.
The subscription period for the Manglam Infra And Engineering IPO was available from Wednesday, July 24, to Friday, July 26. The IPO listing date is today and the IPO allotment was finalized on July 29. On July 31, Manglam Infra And Engineering shares were listed on the NSE SME.
The firm raised ₹27.62 crore via the book-built issue, which included 49.32 lakh shares. Manglam Infra And Engineering IPO price range for each share was ₹53 to ₹56. The issue had a robust response from investors, according to IPO subscription data.
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