Moneycontrol PRO
UPCOMING EVENT:Learn how to add equities to your portfolio through ETFs. Don’t miss the webinar on Oct 19, 11.30am. Register Now!
you are here: HomeNewsBusinessIPO

MEP Infra makes dull debut; shares end over 7% lower

After debuting at Rs 63 on the BSE, shares of the company soon succumbed to profit-booking and finally ended at Rs 60.95, down 3.25 percent . During the day, it fell to a low of Rs 55.45 and a high of Rs 63.50.

May 07, 2015 / 10:08 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of toll management companyMEP Infrastructure Developers on Wednesday made a sluggish debut on the bourses and ended the day with a sharp fall of over 7 percent over the issue price of Rs 63.


After debuting at Rs 63 on the BSE, shares of the company soon succumbed to profit-booking and finally ended at Rs 60.95, down 3.25 percent . During the day, it fell to a low of Rs 55.45 and a high of Rs 63.50.


On the NSE, the stock fell by 7.3 percent to Rs 58.40. On the volume front, 89.50 lakh shares of the company changed hands at the BSE and over one crore shares were traded on the NSE during the day. The company commands a market valuation of Rs 990.86 crore.


Extreme weakness in the stock market too played spoilsport for the stock. The BSE 30-share Sensex ended at 26,717.37, down 722.77 points or 2.63 percent . The initial public offer (IPO) of MEP Infrastructure Developers was subscribed 1.10 times last month.


The company had fixed Rs 63-65 as the price band for the Rs 324-crore public offer. The company, along with its subsidiaries, has operated 68 projects with an aggregate of 122 toll plazas and 783 lanes across 12 states.

Close
first published: May 6, 2015 05:07 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark