vvip infratech shares: VVIP Infratech shares list at 90% premium on BSE SME platform
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The shares of VVIP Infratech listed on the BSE SME platform with a premium of 90% on Tuesday. The stock debuted at Rs 176.7 as against an issue price of Rs 93. Ahead of the listing, the company's shares traded with a GMP of around Rs 125 in the unlisted market. The IPO, which was completely a fresh equity sale of 65.82 lakh shares, was booked over 200 times, thanks to robust response from all categories. The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and general corporate purposes. VVIP Infratech is a Class A civil and electrical contractor. The company is engaged in the business of execution and construction of infrastructure projects such as sewer, sewer treatment plants, water tanks, water treatment plants, sector development work, electrical distribution and substations up to 33 KVA. Also Read: Two early Ola Electric investors to reap up to 824% returns in biggest ...