Shares of MTAR Applied sciences on Monday made a blockbuster debut with a premium of 85 per cent in opposition to its subject worth of Rs 575. It listed at Rs 1,063.90, registering a achieve of 85 per cent from the problem worth on BSE. Later, it jumped 95.65 per cent to Rs 1,125.
On NSE, it debuted at Rs 1,050 – a premium of 82.60 per cent.
The corporate’s market valuation was at Rs 3,397.86 crore on BSE.
The preliminary public providing (IPO) of MTAR Applied sciences was subscribed 200.79 occasions earlier this month.
The value band for MTAR Applied sciences Rs 597-crore IPO was at Rs 574-575 per fairness share.
The Hyderabad-based firm has precision engineering capabilities to construct nuclear and pressurised water reactors, aerospace engines, missile methods, plane parts and plenty of such different important parts and assemblies.