Man Infraconstruction Listing Morning: Stock up over 40%

Man Infraconstruction Limited listed today on the BSE and NSE. The stock listed on the BSE at Rs 335 while on the NSE it listed at Rs 318. The opening prices itself were the lows of the day. The stock made a high of Rs 374.90 on the BSE and Rs 375 on the NSE respectively.

Exchange Open High Low  Close Net Change % gain Volume Wt Avg
BSE 335.00 374.90 335.00 366.80 114.80 45.56 5333786 368.88
NSE 318.00 375.00 318.00 366.50 114.50 45.44 6472526 368.48
Total 11806312

Man Infra had launched its IPO in a price range of Rs 243-252 which was very well received. The issue was over-subscribed 62 times with excellent response in all the categories. The total size of the IPO was 56,25,150 shares. The trading volume of the share is 1.18 crs or roughly 2.1 times the IPO size. This trading is based on the first 75 minutes of trade.

The share seems to be under some pressure currently but is likely to recover towards the end.  

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