Mandhana lists at 2 premium on BSE

Mandhana Industries listed with a premium of 2 per cent over its issue price at Rs 136.80.

Written by: Agencies

1 min readMumbaiMay 19, 2010 09:40 AM IST First published on: May 19, 2010 at 09:40 AM IST

Textile manufacturer Mandhana Industries listed with a premium of 2 per cent over its issue price at Rs 136.80 on the BSE.

Shares of Mandhana Industries after opening firm on the Bombay Stock Exchange,surged 5 per cent to touch a high of Rs 136.80,over its issue price of Rs 130.

On the National Stock Exchange,the scrip opened at Rs 131,up 0.76 per cent.

The company has listed with 3.31 crore shares on both the bourses.

Last month,Mandhana Industries had raised Rs 108 crore by share sale,which it would use for setting up a garment manufacturing facility at Tarapur in Maharashtra.