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This is an archive article published on October 11, 2010

Gallantt Ispat lists with 4% premium

Iron and steel manufacturer Gallantt Ispat today listed at Rs 52 on the NSE.

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Iron and steel manufacturer Gallantt Ispat today listed at Rs 52 on the National Stock Exchange,reflecting a gain of 4 per cent over the issue price.

Within first 30 minutes,over one crore shares of the Uttar Pradesh-based company were traded at the bourse.

The company had raised Rs 40.5 crore through the public offer at an issue price of Rs 50 a share. The company will use the funds raised to part-finance the setting up of the integrated steel plant at Gorakhpur in Uttar Pradesh.

Meanwhile,the broader market barometer Sensex was quoting higher by 135.22 points at 20,385.48 points.

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