Texmo Pipes closes with 54.4% premium on debut

Texmo Pipes and Products closed with a massive premium of 54.44% at Rs 139 as against its issue price of Rs 90 per share on the NSE. The share touched an intraday high of Rs 139.90 and low of Rs 92.80, which was the opening price. It saw a turnover of Rs 533 crore.

In an interview with CNBC-TV18, Sanjay Agrawal, Chairman of Texmo Pipes said, "We should cross Rs 5 in EPS this year."

On the BSE, the stock touched an intraday high of Rs 140.70 and low of Rs 101.50, before closing at Rs 137.25.

Its NSE and BSE volume exceeded total outstanding shares, 14.8 times its issue size. Total volume on NSE and BSE was 7,42,19,986 shares while its issue size was 50 lakh shares and outstanding shares post issue were 112.70 lakh.