XL Telecom lists at Rs 177 on BSE

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Hyderabad-based XL Telecom - with interests in mobile handset assembly, solar photo voltaic system and ethanol, which oversubscribed 8.68 times, has got great listing. It opened at Rs 177.10, up 18.06% over its offer price of Rs 150 per share on the BSE and at Rs 165 on the NSE.

On the BSE, at 10:03 am, the share was quoting at Rs 146.95, with volumes of 5,19,255 shares. It has touched an intraday high of Rs 177.10 and an intraday low of Rs 144.

On the NSE, at 10:05 am, the share was quoting at Rs 146.50, with volumes of 5,81,469 shares. It has touched an intraday high of Rs 174.90 and an intraday low of Rs 144.35.

The company entered capital market with an initial public offer, IPO of 39.56 lakh shares of Rs 10 each aggregating to Rs 60 crore.