GNA Axles lists at 22% premium over issue price

GNA Axles features detailed from Urs 252, a 22% high quality in opposition to issue expense of Rs 207 for each share, for the Nationwide Stock market (NSE). The particular share transferred greater and hit a top associated with Players 262 submit listing. Website link

On the BSE, the actual share strike a great intra-day most of Players Two seventy, soon after record with Players 249. In 12:’04 are, it absolutely was buying and selling from Rs 257, up 24% versus their concern value. A new combined 859,510 gives altered for the kitchen counter around the NSE as well as BSE so far.

Punjab-based automobile elements maker Che Axles elevated Urs 135 crore Marketing via original open public offer you (Initial public offering), received Fifty four occasions membership. While the institutional buyer percentage had been subscribed 18 instances, the top value individual percentage has been signed up 217 periods along with list particular person people percentage simply by practically 12 times.

Che Axles is actually involved in the makes golf iron shafts used in four-wheelers. The business make use of your IPO funds in the direction of creating involving seed as well as machines and then for capital necessity.

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GNA Axles lists at 22% premium over issue price

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