Analysis and Insights into the world of IPOs and investing in India

Monday, December 6, 2010

RPP Infra Projects closes listing day at a discount

RPP Infra Projects Ltd., which listed on the exchanges today, closed at a discount of 8% on its Issue Price at Rs.68.95 on the BSE as against its Issue Price of Rs.75/- per share

The share did, however, touched an Intra-day high of Rs.80.40 in the early minutes of trade, but could not quite maintain premium over the Issue Price after the first hour of trade

RPP Infra Projects IPO was subscribed 2.97 times. The company is primarily engaged in the business of infrastructure development such as highways, roads and bridges.
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