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Apr 02, 2018 10:14 AM IST | Source: Moneycontrol.com

Karda Construction debuts with a discount of 24% at Rs 136

The stock listed at Rs 136, a discount of 24 percent to the issue price of Rs 180.

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Market debutant Karda Construction made a weak debut on the stock exchanges on Monday.

The stock listed at Rs 136, a discount of 24 percent to the issue price of Rs 180.

The Rs 77.40-crore Karda Construction's public offer was subscribed 2.54 times during March 16-21.

The initial public offer of upto 43,00,000 equity shares comprised of a fresh issue of 23,00,000 equity shares and an offer for sale upto 20,00,000 equity shares.

The reserved portion of qualified institutional buyers (QIBs) was subscribed 1.55 times, non-institutional investors 3.44 times and retail investors 2.01 times.
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