Opening debut at 30% on listing for VA Tech Wabag in BSE


VA Wabag, a Chennai based company, which entered the capital market recently through an Initial Public Offering (IPO) of its shares in the price band of Rs 1230-Rs 1310, got listed in BSE and NDE today with an impressive gain of of 30% at Rs 1709.40 over its issue price/share.

VA Wabag, a Chennai based company, which entered the capital market recently through an Initial Public Offering (IPO) of its shares in the price band of Rs 1230-Rs 1310, got listed in BSE and NDE today with an impressive gain of of 30% at Rs 1709.40 over its issue price/share. During the intra-day transaction, it went up to 1806.60 almost 37.9 % over its IPO price. The shares of the firm closed atNSE also at 1704.80 at 30.14 premium over the issue price. The combined turnover of the shares were more than 1 crore in both the exchanges atBSE and NSE. The water treatment firm provides a wide range of procurement and construction solutions for sewage treatment, processed and drinking water treatment. Today the benchmark Sensex went up by 484.54 points at BSE.

Meanwhile, the 30-share benchmark Sensex also soared 484.54 points to close at 20,687.88.


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More articles: Bombay Stock Exchange BSE Listing Of VA Tech Wabag

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