Moneycontrol Bureau
Shares of Aanchal Ispat on Wednesday listed at Rs 22.10, up 10.5 percent on the SME platform of the Bombay Stock Exchange (BSE), against its issue price of Rs 20 per equity share.
At 12:11 hours IST, the share was quoting at Rs 21, up Re 1, or 5 percent. It touched an intraday high of Rs 22.90 and an intraday low of Rs 21.00.
The issue was opened for subscription on November 24 and the same closed on November 26, 2014.
Aanchal Ispat is currently engaged in manufacturing of Mild Steel TMT Re-bars, Structural Re-bars, Round and other Sectional products as per orders. The company is also engaged in the trading of the products like Mild Steel Billets, Cement & Clinker and TMT & Structural Re-Bars.
The main objects of the issue wereto raise the funds for expansion and modernizing by upgradation and automation of TMT bar manufacturing facilities, and working capital requirements.
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