Voltamp Transformers opens with 15% premium

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Voltamp Transformers , manufacturers of power transformers, distribution transformers and dry transformers, has listed on the stock exchanges today.

It has opened at Rs 399 on the BSE with 15.65% premium over its offer price of Rs 345 and at Rs 370 on the NSE.

On the BSE, at 10:20 am, the share was quoting at Rs 405.90 with volumes of 20,77,541 shares. It has touched an intraday high of Rs 407.95 an intraday low of Rs 375.

On the NSE, at 10:20 am, the share was quoting at Rs 404.30 with volumes of 20,89,781 shares. It has touched an intraday high of Rs 407 and an intraday low of Rs 370.

Its BSE ID is 532757.  Its NSE ID is VOLTAMP.

The company had entered the capital market with an initial public offering, IPO of 48,83,840 equity shares of Rs 10 each. The issue subscribed 17.65 times.

The object of the company was to list on stock exchanges and provide liquidity to existing shareholders.
 
Voltamp manufactures transformers with a key focus on the industrial segment. It has recently expanded its capacity 5,400 MVA from 4,500 MVA earlier and is capable of manufacturing transformers ranging from 500 KVA to 50,000 KVA. It caters to a wide spectrum of transformer users in various industries like: petrochemical, oil refining, cement, paper and pulp, pharmaceuticals, automobiles, steel, power plant, building, metro rail applications, mining and minerals and many others.