ARSS Infrastructure lists with rocketing premium - Indian IPO Blog

Indian IPO Blog

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Wednesday, March 3, 2010

ARSS Infrastructure lists with rocketing premium

ARSS Infrastructure Projects Ltd. listed with an enormous premium of Rs.190/- per equity share on BSE as the stock listed at Rs.640/- as against an Issue Price of Rs.450/-. ARSS Infra rocketed to 754.70 at the Day's High on BSE and 751.80 on the NSE. It finally closed at Rs.736.30 and Rs.750.00 on BSE and NSE respectively, with an outstanding premium of 63.62% and 66.67% on the two exchanges respectively. Click here Listing Day prices of ARSS Infrastructure Projects Ltd.

Earlier, the IPO of ARSS Infrastructure Projects Ltd. had received an outstanding response from the investors, with the IPO getting oversubscribed by an incredible 47.62 times on an overall basis. The IPO has received open-hearted response from all the categories, with a remarkable response from the HNI Category which was overbid 124.53 times

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